NEW DELHI, Apr 18:Mentha oil prices softened by 1.03 per cent to Rs 1,298.10 per kg in futures trading today as speculators booked profits at prevailing higher levels amid easing demand in the spot market.
At the Multi Commodity Exchange, mentha oil for delivery in May fell by Rs 13.50, or 1.03 per cent, to Rs 1,298.10 per kg in a business turnover of 39 lots.
Similarly, the oil for delivery in April was trading lower by Rs 9.50, or 0.65 per cent, to Rs 1,452 per kg in 26 lots.
Analysts said, besides profit-booking by participants, a fall in demand from consuming industries at existing level in spot market, ample stocks position on increased arrivals from producing belts, mainly weighed on mentha oil prices at futures trade. (PTI)
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