Mentha oil falls more than 1% on higher arrivals
Low spot market demand affected the trade
)
Mentha oil futures for April fell by Rs 11, or 1.11%, to Rs 977.10 per kg in 568 lots.
At the Multi Commodity Exchange (MCX), the May contract lost Rs 7.10, or 0.73%, to Rs 958.20 per kg in 61 lots.
Prices fell due to increased arrivals in the physical markets from the major producing belts amid low demand in the spot market.
Sentiment weakened further as investors indulged in profit-booking in the midst of fall in spot market demand.
At the Multi Commodity Exchange (MCX), the May contract lost Rs 7.10, or 0.73%, to Rs 958.20 per kg in 61 lots.
Prices fell due to increased arrivals in the physical markets from the major producing belts amid low demand in the spot market.
Sentiment weakened further as investors indulged in profit-booking in the midst of fall in spot market demand.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Apr 18 2013 | 2:33 PM IST