Mentha oil declines over one per cent on profit-booking

NEW DELHI: Mentha oil prices fell by 1.05 per cent to Rs 796.50 per kg in futures trade today as speculators indulged in profit-booking amid subdued spot demand.

Besides, adequate stocks position following increased arrivals from Chandousi in Uttar Pradesh.

At the Multi Commodity Exchange, mentha oil for delivery in March fell Rs 8.50, or 1.05 per cent, to Rs 796.50 per kg, with a business volume of 155 lots.

Similarly, mentha oil prices for February delivery drifted by Rs 7.80, or 0.98 per cent, to Rs 786.20 per kg, with a business turnover of 456 lots.

The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators and weak trend at spot market on subdued demand, traders said.