Mentha oil down by 0.7% on subdued spot demand

Mentha oil prices were down by 0.74% to Rs 933.10 per kg in futures trade today as participants trimmed positions, tracking sluggish demand in the spot market.

At the Multi Commodity Exchange, mentha oil for delivery in June declined Rs 7, or 0.74%, to Rs 933.10 per kg in business turnover of 135 lots.

Likewise, the oil for delivery in May contracts eased Rs 5.70, or 0.62%, to Rs 921 per kg in 7 lots.

Market analysts attributed the fall in mentha oil futures to offloading of positions by speculators due to subdued demand from consuming industries in the spot market.