Mentha down 0.5% on profit-booking

Mentha oil prices drifted lower by 0.46% to Rs 839.20 per kg in futures trade today as participants booked profits at prevailing levels amid easing demand in the spot market.

At the Multi Commodity Exchange, mentha oil for delivery in current month fell by Rs 3.90 or 0.46% to Rs 839.20 per kg in a business turnover of 89 lots.

Likewise, the oil for delivery in July shed Rs 3.30 or 0.39% to Rs 850 per kg in 24 lots.

Analysts said besides profit booking by traders at existing levels, fall in demand in the spot market against adequate stocks position mainly led to the fall in mentha oil prices at futures trade.