Mentha oil futures fall on profit taking

Mentha oil futures fell by 0.06 per cent to Rs 1,249.50 per kg today, as traders booked profits at existing higher levels, amid fall in demand in the spot market.

Increased arrivals from producing belts in Uttar Pradesh also put pressure on the prices.

At the Multi Commodity Exchange counter, mentha oil for delivery in January declined by Rs 80 paise, or 0.06 per cent to Rs 1,249.50 per kg.

Similarly, the oil for delivery in December eased by Rs 60 paise, or 0.05 per cent to Rs 1,235.40 per kg. 

The fall in mentha oil futures prices is mostly due to profit taking by speculators amid fall in demand in the spot market, traders said.