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Mentha oil prices were down by 0.38% to Rs 973.60 per kg in futures trading today as speculators booked profits at prevailing levels amid sluggish demand from consuming industries in the spot market.
At the Multi Commodity Exchange, mentha oil for delivery in August month was trading down by Rs 3.70, or 0.38% to Rs 973.60 per kg in business turnover of 442 lots.
Similarly, the oil for delivery in September contracts traded lower by Rs 3.10, or 0.31% to Rs 986.80 per kg in 384 lots.
The fall in mentha oil prices at futures trade is mostly due to profit-booking by speculators at existing levels amid fall in demand from consuming industries in the spot market, analysts said.
