Mentha oil falls 0.3% on profit-booking

Mentha oil futures drifted by 0.35% to Rs 680 per kg today as speculators locked in gains at prevailing levels amid slackened spot demand.

At the Multi Commodity Exchange, mentha oil for delivery in November declined by Rs 2.40, or 0.35%, to Rs 680 per kg in a business turnover of 68 lots.

Likewise, the oil for delivery in the December traded lower by Rs 2.20, or 0.31%, to Rs 691.50 per kg in 131 lots.

The fall in mentha futures was mostly due to profit-booking by speculators after recent gains and sluggish demand in spot markets from pharmaceutical units, analysts said.