Mentha oil prices drifted 0.75 per cent lower to Rs 1,574 per kg in futures market today as speculators booked profits, driven by easing demand in the spot market against adequate stocks.
At the Multi Commodity Exchange, mentha oil for delivery in March fell Rs 11.90, or 0.75 per cent, to Rs 1,574 per kg in business turnover of 24 lots.
On similar lines, the oil for delivery in February contracts was trading Rs 11.70, or 0.74 per cent, lower to Rs 1,560 per kg in 138 lots.
Analysts said besides profit booking by participants, fall in demand from consuming industries at spot market against ample stocks position on increased supplies from Chandausi in Uttar Pradesh led to the fall in mentha oil futures.
Disclaimer: No Business Standard Journalist was involved in creation of this content
