Business Standard

Mentha oil sheds 0.46% on profit booking

Traders exit on lower offtake from consuming industries

Press Trust of India New Delhi
Mentha oil prices fell by 0.46 per cent to Rs 715.70 per kg in futures trading today as speculators booked profits at prevailing levels amid sluggish spot demand.

At the Multi Commodity Exchange, mentha oil for delivery in August declined by Rs 3.30, or 0.46 per cent, to Rs 715.70 per kg in business turnover of 129 lots.

The July contract lost Rs 2.50, or 0.36 per cent, to Rs 699.30 per kg in 570 lots.

Analysts attributed the fall in mentha oil futures to profit-booking by speculators, decline in demand from consuming industries in the spot market.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 04 2014 | 11:42 AM IST

Explore News