 "Mentha oil extend losses by 0.5% on profit-booking")
Mentha oil prices fell further by Rs 4.70 to Rs 897.60 per kg in futures trading today as investors reduced their positions on weak spot demand amid higher arrivals.
At the Multi Commodity Exchange, mentha oil for delivery in August fell by Rs 4.70, or 0.52%, to Rs 897.60 per kg, with a business turnover of Rs 361 lots.
Similarly, the oil for delivery in July declined by Rs 3.80, or 0.42%, to Rs 885.60 per kg in 125 lots.
Traders said sentiments weakened further as speculators offloaded their positions on falling demand from consuming industries against higher arrivals from Chandausi in Uttar Pradesh.
At the Multi Commodity Exchange, mentha oil for delivery in August fell by Rs 4.70, or 0.52%, to Rs 897.60 per kg, with a business turnover of Rs 361 lots.
Similarly, the oil for delivery in July declined by Rs 3.80, or 0.42%, to Rs 885.60 per kg in 125 lots.
Traders said sentiments weakened further as speculators offloaded their positions on falling demand from consuming industries against higher arrivals from Chandausi in Uttar Pradesh.