Mentha oil softens by 0.2% on weak spot demand

Mentha oil prices eased by 0.19% to Rs 692.70 per kg in futures trading today as traders trimmed positions due to sluggish demand from consuming industries in the spot market.

Besides, adequate stocks position in the physical market on increased arrivals from Chandausi in Uttar Pradesh put pressure on mentha oil prices.

At the Multi Commodity Exchange, mentha oil for delivery in November eased by Rs 1.30, or 0.19%, to Rs 692.70 per kg in a business turnover of 117 lots.

Similarly, the oil for delivery in December shed Re 1, or 0.14%, to Rs 703.50 per kg in 20 lots.
 
Analysts said offloading of positions by speculators due to weak demand from consuming industries in the spot market mainly kept pressure on mentha oil prices at futures trade.