Mentha oil down 0.5% on low demand

Mentha oil prices were down by 0.56% to Rs 752.40 per kg in futures trade as speculators trimmed their positions amidst low demand from consuming industries in spot market.

At the Multi Commodity Exchange market, mentha oil for delivery in January month declined by Rs 4.20, or 0.56% to Rs 752.40 per kg in business turnover of 759 lots.

Likewise, the oil for delivery in February contract shed Rs 3.10, or 0.40% to Rs 763.60 per kg in 96 lots.

Offloading of positions by speculators following weak demand in the spot market mainly led to the fall in mentha oil prices at futures trade, analysts said.