NEW DELHI, July 17: Mentha oil futures prices today drifted Rs 9.40 to Rs 723.80 per kg as speculators booked profits after recent gains amidst sluggish demand in spot markets.
At the Multi Commodity Exchange, mentha oil for delivery in August eased by Rs 9.40, or 1.28 per cent, to Rs 723.80 per kg in business turnover of 178 lots.
Likewise, the oil for delivery in the July traded lower by Rs 8.40, or 1.17 per cent, to Rs 709.20 per kg in 402 lots.
The fall in mentha futures prices was mostly due to profit-booking by speculators after recent gains and sluggish demand in spot markets from pharmaceutical units, analysts said. (PTI)
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