Mentha oil remains weak on profit-booking

Mentha oil prices fell by Rs 5.90 to Rs 828.40 per kg in futures trade today as traders indulged in profit-booking, driven by subdued demand in the spot market.

At the Multi Commodity Exchange, mentha oil for September contract delivery declined by Rs 5.90, or 0.70 per cent, to Rs 828.40 per kg, with a business volume of 1,157 lots.

Similarly, mentha oil for October delivery eased by Rs 5, or 0.59 per cent, to Rs 841.10 per kg, with a turnover of 637 lots, while November mentha oil futures fell by Rs 4.60, or 0.53 per cent, to Rs 851.30 per kg in 108 lots.

 

The fall in mentha oil prices was mostly due to profit-booking by speculators and a weak trend in the spot market on subdued demand, traders said.