Mentha falls by 0.4% on profit-booking

A weak trend at spot market on subdued demand also affected prices

Amid profit-booking at higher levels and subdued spot demand, mentha oil fell 0.45% to Rs 971.50 per kg in futures trade today.

At the Multi Commodity Exchange, mentha oil for delivery in September was trading at Rs 4.40, or 0.45%, lower Rs 971.50 per kg with a business volume of 224 lots.

Similarly, mentha oil for August delivery drifted by Rs 3.70, or 0.38%, to Rs 958.80 per kg with a business turnover of 47 lots.

The fall in mentha oil prices in futures trade was largely due to profit-booking by speculators and weak trend at spot market on subdued demand.