Mentha oil futures decline 0.48% on profit booking

NEW DELHI, Aug 14:  Mentha oil eased by 0.48 per cent to Rs 965 per kg in futures trading today as speculators booked profits at current levels amid subdued demand from consuming industries at the spot market.
Besides, adequate stocks position in the physical market on higher supplies from producing regions put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in September moved down by Rs 4.70, or 0.48 per cent to Rs 965 per kg in a business turnover of 91 lots.
The oil for delivery in August traded lower by Rs 4.30, or 0.45 per cent to Rs 953.50 per kg in 307 lots.
Analysts said besides profit booking by speculators, easing demand from consuming industries at the spot market against increased arrivals from Chandausi in Uttar Pradesh, mainly weighed on mentha oil prices in futures trade. (PTI)

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