Mentha oil slips on weak spot demand

PTI New Delhi | Updated on April 04, 2011

Mentha oil prices declined by Rs 5.90 to Rs 878.90 a kg in futures trading today due to weak demand from pharmaceutical units at the spot markets.

At the Multi Commodity Exchange, mentha oil for delivery in June declined by Rs 5.90 or 0.67 per cent to Rs 878.90 a kg, with an open interest of a single lot.

Similarly, prices for delivery in April lost Rs 5.80 or 0.55 per cent to Rs 1,040.50 a kg, with a business turnover of five lots.

Traders attributed the fall in prices to reduced offtake by pharmaceutical units against adequate stocks at the spot markets.

Published on April 04, 2011

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