Mentha oil down by 0.34% on sluggish demand

NEW DELHI, Aug 26:  Mentha oil prices fell further 0.34 per cent to Rs 672.30 per kg in futures market today after speculators reduced positions, tracking a weak trend at spot market on sluggish demand.
At the Multi Commodity Exchange, mentha oil for delivery in August declined by Rs 2.30, or 0.34 per cent to Rs 672.30 per kg in business turnover of 251 lots.
In a similar fashion, the oil for delivery in September traded lower by Rs 1.60, or 0.23 per cent to Rs 685.30 per kg in 546 lots.
Analysts said partial off-loading of positions by speculators, driven by sluggish demand from consuming industries in the spot market, mainly kept pressure on mentha oil prices at futures trade. (PTI)


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