Mentha oil futures down 0.67% on weak spot demand

Mentha oil prices declined by Rs 5.90 to Rs 878.90 a kg in futures trading today due to weak demand from pharmaceutical units at the spot markets.

At the Multi Commodity Exchange, mentha oil for delivery in June lost Rs 5.90, or 0.67%, to Rs 878.90 a kg, with an open interest of a single lot.

April Mentha shed Rs 5.80, or 0.55%, to Rs 1,040.50, with a business turnover of five lots.

Traders said the fall in prices to was due to lower offtake by pharmaceutical units against adequate stocks at the spot markets.