Mentha oil futures prices decline 0.79% on profit-booking
Agencies: Nov 30 2012, 13:18 IST
Mentha oil prices declined by Rs 10.80 to Rs 1,359.30 per kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand in the spot market.
Adequate stocks position following increased arrivals from Chandousi in Uttar Pradesh also put pressure on mentha oil futures.
At the Multi Commodity Exchange, mentha oil for delivery in November declined by Rs 10.80, or 0.79 per cent, to Rs 1,359.30 per kg in business turnover of 129 lots.
Similarly, the oil for delivery in the December contract shed Rs 9.10, or 0.66 per cent, to Rs 1,376.70 per kg in 971 lots.
Market analysts attributed the fall in mentha oil futures to profit-booking by speculators at prevailing levels and fall in demand in the spot market against adequate supplies.
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