Commodities

Mentha oil cools on sluggish demand

PTI New Delhi | Updated on January 18, 2011 Published on January 18, 2011

Mentha oil turned weak and futures prices fell by Rs 3.50 to Rs 1,159.50 a kg on Tuesday, as traders indulged in profit booking amid weak trend at the spot markets.

Adequate stocks following increased arrivals in the physical market fuelled the downtrend. At the Multi Commodity Exchange, mentha oil for January declined by Rs 3.50 or 0.30 per cent to Rs 1,159.50 a kg, with a business turnover of two lots.

Similarly, the oil for delivery in February shed Rs 2.50 or 0.21 per cent to Rs 1,160.40 a kg, with a business volume of two lots.

The fall in prices was due to profit booking by speculators and weak trend at the spot market on sluggish demand, traders said.

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Published on January 18, 2011
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