Mentha oil futures down 0.31 per cent on sluggish demand

NEW DELHI, Feb 28: Amid sluggish demand from consuming industries in the spot market and adequate supplies from producing regions, mentha oil prices lower by 0.31 per cent to Rs 792.70 per kg in futures trade today.

At the Multi Commodity Exchange, mentha oil for delivery in March declined by Rs 2.50, or 0.31 per cent to Rs 792.20 per kg in business turnover of 274 lots.

Likewise, the oil for delivery in February contract shed Rs 2.30, or 0.29 per cent to Rs 782 per kg in 143 lots.

Analysts attributed fall in mentha oil futures to sluggish demand from consuming industries in the spot market against adequate supplies from Chandausi in Uttar Pradesh. (AGENCIES)