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Mentha futures weaken on profit-booking

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Press Trust of India New Delhi
Amid profit-booking by participants at prevailing levels and fall in demand in the spot market, mentha oil prices were down by 0.68 per cent to Rs 875.70 per kg in futures trade today.

At the Multi Commodity Exchange, mentha oil for delivery in January declined by Rs 6, or 0.68 per cent, to Rs 875.70 per kg, in a business turnover of 174 lots.

Likewise, the oil for delivery in far-month February eased by Rs 4.90, or 0.55 per cent, to Rs 888.50 per kg in 11 lots.

The fall in mentha oil prices at futures trade was mostly due to profit-booking by traders at existing levels amid decline in demand from consuming industries in the spot market mainly influenced mentha oil prices at futures trade.
 

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First Published: Jan 15 2016 | 1:22 PM IST

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