Mentha oil down 0.2% on subdued demand

Oil for delivery in July contract shed 0.2%

Mentha oil prices fell further by 0.25% to Rs 767.10 per kg in futures trading today after participants reduced exposures amidst sluggish demand in the spot market.

At the Multi Commodity Exchange, mentha oil for delivery in June eased by Rs 1.90, or 0.25%, to Rs 767.10 per kg in business turnover of 501 lots.

Likewise, the oil for delivery in July contract shed Rs 1.60, or 0.20%, to Rs 780.50 per kg in 296 lots.

Analysts said apart from weak trend at spot market on sluggish demand from consuming industries adequate stocks position on increased arrivals from Chandausi in Uttar Pradesh mainly influenced mentha oil prices in futures trade.