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Mentha oil futures fall 0.42% on muted demand

Press Trust of India  |  New Delhi 

Mentha prices fell 0.42 per cent to Rs 1,641 per kg in futures trade Wednesday as speculators engaged in trimming positions, triggered by muted demand from consuming industries in the spot market.

At the Multi Commodity Exchange, mentha for delivery this month declined Rs 7, or 0.42 per cent, to Rs 1,641 per kg, in a business turnover of 265 lots.

Analysts said off-loading of positions by participants amid subdued demand from consuming industries in the spot market led to the decline in prices in futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 09 2019. 12:00 IST