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Mentha oil down 0.5% on profit-booking

Fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators and weak trend at spot market

Press Trust of India New Delhi
Amid profit-booking by speculators, mentha oil prices fell 0.45% to Rs 761.90 per kg in futures trade today.

At the Multi Commodity Exchange, mentha oil for delivery in January eased by Rs 3.50, or 0.45%, to Rs 761.90 per kg, with a business volume of 370 lots.

Similarly, mentha oil prices for the February delivery eased by Rs 3.50, or 0.45%, to Rs 772.50 per kg, with a business turnover of 80 lots.

The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators and weak trend at spot market owing to subdued demand, marketmen said.
 

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First Published: Jan 09 2015 | 12:10 PM IST

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