Mentha futures fall 1.25% on profit-booking

NEW DELHI: Amid profit-booking by speculators and muted spot demand, mentha oil prices fell by 1.25 per cent to Rs 837.50 per kg in futures trade today.

At the Multi Commodity Exchange, mentha oil for delivery in June fell Rs 10.60 or 1.25 per cent to Rs 837.50 per kg, with a business volume of 374 lots.

Also, mentha oil for July delivery drifted by Rs 10.10 or 1.18 per cent to Rs 848.40 per kg, with a business turnover of 67 lots.

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