Mentha oil futures fall 2.76% on profit-booking

NEW DELHI: Mentha oil prices fell by Rs 28.40 to Rs 998.30 per kg in futures trade today as traders indulged in profit-booking.

At the Multi Commodity Exchange, mentha oil for delivery in April fell by Rs 28.40, or 2.76 per cent, to Rs 998.30 per kg, with a business volume of 1,006 lots.

Similarly, mentha oil prices for May delivery lost Rs 18.10, or 1.82 per cent, to Rs 972 per kg, with a business turnover of 134 lots.

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