)
Mentha oil prices declined by 0.75% to Rs 843 per kg in futures market today as speculators indulged in profit-booking at prevailing higher levels amid sluggish demand from consuming industries.
Adequate stocks position due to increased arrivals from Chandousi in Uttar Pradesh also put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in August declined by Rs 6.40, or 0.75% to Rs 843 per kg in business turnover of 889 lots.
Similarly,the oil for delivery in September traded lower by Rs 4.70, or 0.55% to Rs 855.50 per kg in 233 lots.
The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators at prevailing higher levels, sluggish demand from consuming industries in the spot market,analysts said.
