Mentha oil futures down 0.47 pct

Written by Agencies | New Delhi | Updated: Mar 31 2011, 20:01pm hrs
Mentha oil prices fell by 0.47 per cent to Rs 1,262.30 per kg in futures trade on Thursday as traders indulged in profit-booking, driven by subdued demand in the spot market.

At the Multi Commodity Exchange, mentha oil for delivery in March declined by Rs 6, or 0.47 per cent, to Rs 1,262.30 per kg, with a business volume of 248 lots.

Similarly, the oil prices for delivery in April eased by Rs 5.10, or 0.46 per cent, to Rs 1,090.50 per kg, with an open interest of 111 lots.

Mentha oil future prices for delivery in May fell by Rs 3.90, or 0.40 per cent, to Rs 957.20 per kg, with a business volume of five lots.

Traders attributed the fall in mentha oil prices to profit booking by speculators along with a weak trend at the spot markets on subdued demand.