Mentha oil futures fall 0.83 pc on profit-booking

NEW DELHI, Apr 17: Mentha oil prices fell by Rs 20.20 to Rs 2,420.60 per kg in futures trading today as speculators indulged in profit-booking at prevailing higher levels, supported by sluggish demand in the spot market.
Increased arrivals from the major producing belt of Chandousi in Uttar Pradesh also influenced mentha oil prices at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in April declined by Rs 20.20, or 0.83 per cent, to Rs 2,420.60 per kg in business turnover of 387 lots.
Similarly, the oil for delivery in May contract lost Rs 19.30, or 0.78 per cent, to Rs 2,447 per kg in 156 lots.
The fall in mentha oil futures was mostly due to profit-booking by speculators amid a weak trend at spot market on sluggish demand, analysts said. (PTI)