Mentha oil futures down 0.97 pc on weak demand

NEW DELHI, Feb 17: Mentha oil prices fell 0.97 per cent to Rs 760.10 per kg in futures trade today as speculators reduced positions on weak spot demand.

Trading sentiment weakened further as traders engaged in short position on account of weak demand from consuming industries and higher arrivals from Chandausi in Uttar Pradesh.

At the Multi Commodity Exchange, mentha oil for delivery in February fell by Rs 7.50, or 0.97 per cent, to Rs 760.10 per kg, with a business volume of 113 lots.

Similarly, mentha for delivery in February traded lower by Rs 6.40, or 0.82 per cent, at Rs 771 per kg, with a trading volume of 36 lots. (AGENCIES)