Mentha oil declines 0.58 pc on profit-booking

NEW DELHI, May 28:  Mentha oil prices edged lower by 0.58 per cent to Rs 820.60 per kg in futures trade today as speculators indulged in profit-booking amid subdued spot demand.
Besides, adequate stocks position following increased arrivals from Chandousi in Uttar Pradesh, influenced mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in June eased by Rs 4.80, or 0.58 per cent, to Rs 820.60 per kg, with a business volume of 227 lots.
Similarly, mentha oil prices for May delivery drifted by Rs 4.30, or 0.52 per cent, to Rs 810 per kg, with a business turnover of 156 lots.
The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators and weak trend at spot markets on subdued demand, traders said. (PTI)


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