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Mentha oil declines 0.75% on profit-booking

Increased arrivals from Chandausin affected the trade

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Press Trust of India New Delhi

Mentha oil futures for January declined by Rs 10.50, or 0.75% to Rs 1,392 per kg in 537 lots.

At the Multi Commodity Exchange, the February contract traded lower by Rs 10, or 0.71% to Rs 1,406.20 per kg in 72 lots.

Profit-booking by speculators at prevailing higher levels, reduced spot market demand affected the trade.

Increased arrivals from Chandausi in Uttar Pradesh also fuelled the downtrend in mentha oil futures.

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First Published: Jan 14 2013 | 3:48 PM IST

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