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Mentha oil down by 0.6% on profit-booking

Market analysts attributed the fall in mentha oil futures to profit-booking by speculators

Press Trust of India New Delhi
Amid profit-booking by speculators and weak domestic demand, mentha oil prices today fell by 0.63% to Rs 872 per kg.
 
At the Multi Commodity Exchange, mentha oil prices for delivery in July traded lower by Rs 5.50, or 0.63%, to Rs 872 per kg in business turnover of 916 lots.
 
Likewise, the oil prices for delivery in August shed Rs 5.50, or 0.62%, to Rs 889.50 per kg in 476 lots.
 
Market analysts attributed the fall in mentha oil futures to profit-booking by speculators, subdued demand in the spot market against adequate stocks position.

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First Published: Jul 24 2013 | 12:25 PM IST

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