Don’t miss the latest developments in business and finance.

Mentha oil declines over 1% on profit-booking

Adequate stocks position following increased arrivals from Chandousi in Uttar Pradesh also drive down prices

Press Trust of India New Delhi
Last Updated : Feb 05 2014 | 12:50 PM IST
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.
    
Adequate stocks position following increased arrivals from Chandousi in Uttar Pradesh also influenced prices.
    
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.
    

Also Read

February mentha oil 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.

More From This Section

First Published: Feb 05 2014 | 12:48 PM IST

Next Story