Mentha oil futures fall 1.03% on profit-booking

Mentha oil prices fell by Rs 12.50 to Rs 1,205.60 per kg in futures trade.

Written by Agencies | Published: October 16, 2012 10:38 am

Amid profit-booking by speculators and subdued spot demand,mentha oil prices fell by Rs 12.50 to Rs 1,205.60 per kg in futures trade today.

Adequate stocks position in the physical market following increased arrivals from major producing region also put pressure on mentha oil prices.

At the Multi Commodity Exchange,mentha oil for delivery in November fell by Rs 12.50,or 1.03 per cent,to Rs 1,205.60 per kg in business turnover of 67 lots. Similarly,the oil for delivery in October shed Rs 11.90,or 0.99 per cent,to Rs 1,191.10 per kg in 453 lots.

Marketmen attributed the fall in mentha oil futures to profit-booking by speculators at prevailing higher levels and sluggish demand from consuming industries in the spot market.

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