Mentha oil down 0.4% on subdued demand

Adequate stocks on higher supplies from producing regions also affected prices

Amid easing demand at domestic spot market and adequate stocks on higher supplies from producing regions, mentha oil fell 0.40% to Rs 886.30 per kg in futures trade today.

At the Multi Commodity Exchange market, mentha oil for delivery in February fell by Rs 3.60, or 0.40% to Rs 886.30 per kg in a business turnover of 21 lots.

Likewise, the oil for delivery in January weakened by Rs 3.30, or 0.38% to Rs 874.50 per kg in 157 lots.

Analysts said offloading of positions by traders on the back of low demand from consuming industries in the spot markets against adequate stocks on higher supplies from producing regions mainly kept pressure on mentha oil prices at futures trade.