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Mentha down 1.% on profit-booking

The oil for July delivery drifted lower by Rs 9 or 0.93%

Mentha down 1.% on profit-booking

Press Trust of India New Delhi
Amid profit booking by speculators and muted spot demand, mentha oil prices fell by 1.01% to Rs 965 per kg in futures trade today.

At the Multi Commodity Exchange, mentha oil for delivery in August fell Rs 9.90 or 1.01% to Rs 965 per kg, with a business volume of 396 lots.

Also, mentha oil for July delivery drifted lower by Rs 9 or 0.93% to Rs 953.50 per kg, with a business turnover of 89 lots.

The fall in mentha oil prices was mostly due to profit-booking by speculators and weak trend at the spot market on subdued demand, marketmen said.

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First Published: Jul 26 2016 | 12:48 PM IST

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