 "Mentha oil down 0.5% on profit-booking")
Mentha oil prices moved down by 0.52% to Rs 828.50 per kg in futures market today as speculators booked profits at prevailing levels, driven by sluggish demand from consuming industries in the spot market.
Adequate stocks in the physical market due to increased arrivals from Chandausi in Uttar Pradesh also put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in March moved down by Rs 4.30, or 0.52% to Rs 828.50 per kg in business turnover of 345 lots.
Analysts attributed fall in mentha oil futures to profit-booking by speculators at prevailing higher levels amid sluggish demand from consuming industries in the spot market.
Adequate stocks in the physical market due to increased arrivals from Chandausi in Uttar Pradesh also put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in March moved down by Rs 4.30, or 0.52% to Rs 828.50 per kg in business turnover of 345 lots.
More From This Section
Similarly, the oil for delivery in April traded lower by Rs 4, or 0.48%, to Rs 838 per kg in 71 lots.
Analysts attributed fall in mentha oil futures to profit-booking by speculators at prevailing higher levels amid sluggish demand from consuming industries in the spot market.