Business Standard

Mentha oil down 0.4% on subdued spot demand

Oil for delivery in June shed 0.19%

Press Trust of India New Delhi
Mentha oil prices fell 0.39% to Rs 764.70 per kg in futures trade today as speculators trimmed positions amid sluggish demand from consuming industries at the spot market.

Mentha oil for delivery in July fell by Rs 3, or 0.39%, to Rs 764.70 per kg in a business turnover of 296 lots at the Multi Commodity Exchange.

Likewise, the oil for delivery in June shed Rs 1.40, or 0.19%, to Rs 748.40 per kg in 152 lots.

Market analysts attributed the weakness in mentha oil futures to offloading of positions by speculators amid a sluggish demand from consuming industries in the spot market.

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First Published: Jun 26 2014 | 1:22 PM IST

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