Mentha oil prices decline 0.90 per cent on profit-booking

NEW DELHI: Mentha oil prices fell by 0.90 per cent to Rs 814.50 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 December fell by Rs 7.40, or 0.90 per cent, to Rs 814.50 per kg, with a business volume of 241 lots.

Similarly, mentha oil prices for the January delivery drifted by Rs 7, or 0.83 per cent, to Rs 826.50 per kg, with a business turnover of 223 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, analyasts said.