Mentha oil falls by 0.6% on profit-booking

Mentha oil prices fell by Rs 5.50, 0.62%, to Rs 877 per kg in futures trade today as speculators booked profits amid subdued spot demand.

At the Multi Commodity Exchange, mentha oil for delivery in February fell by Rs 5.50 or 0.62% to Rs 877 per kg with a business volume of 256 lots.

Similarly, mentha oil for January delivery traded down by Rs 5.20 or 0.59% to Rs 864.50 per kg with a business turnover of 354 lots.

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