Commodities

Mentha oil futures down on profit-taking

PTI New Delhi | Updated on June 23, 2011

Mentha oil prices fell further by Rs 15.80 to Rs 832.10 per kg at the futures trade today as traders indulged in profit-booking at existing high prices amid fall in demand at the spot market.

Increased arrivals from the producing belts in Uttar Pradesh also put pressure on the prices.

At the Multi Commodity Exchange, mentha oil for delivery in August declined by Rs 15.80 or 1.86 per cent to Rs 832.10 per kg with a business turnover of 76 lots.

Similarly, July contract eased by Rs 14.20 or 1.68 per cent to Rs 825.20 per kg with a business turnover of 371 lots and June contract fell by Rs 12.60 or 1.50 per cent to Rs 825.20 per kg with a business turnover of 416 lots.

The fall in mentha oil prices was mostly due to profit-taking by speculators and fall in demand at the spot market, traders said.

Published on June 23, 2011

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