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Mentha oil moves down 0.9% on subdued spot demand

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 12:40 AM IST

Mentha oil prices moved down by Rs 12.20 to Rs 1,331 per kg in futures market today due to sluggish demand.

Adequate stocks position following increased arrivals from producing region also dampened the sentiment.

At the Multi Commodity Exchange, November mentha oil fell by Rs 12.20, or 0.91%, to Rs 1,331 per kg, with a business turnover of 310 lots.

The October contract lost Rs 11, or 0.82%, to Rs 1,324.50 per kg, with a trade volume of 803 lots.

The fall in mentha oil futures prices was mostly due to subdued demand against increased arrivals from Chandousi in Uttar Pradesh, traders said.

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First Published: Oct 05 2011 | 11:30 AM IST

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