Mentha oil down 0.4% on low demand

Amid muted demand at domestic spot market and adequate stocks on higher supplies from producing regions, mentha oil edged lower 0.38% to Rs 874.20 per kg in futures trade today.

At the Multi Commodity Exchange market, mentha oil for delivery in January month fell by Rs 3.30, or 0.38%, to Rs 874.20 per kg in business turnover of 170 lots.

On similar lines, the oil for delivery in far-month February contracts traded lower by Rs 3, or 0.34%, to Rs 886.90 per kg in 119 lots.

Analysts said besides low demand from consuming industries in the spot markets against adequate stocks on higher supplies from producing regions mainly led to the fall in mentha oil prices at futures trade.