NEW DELHI, Mar 12: Mentha oil remained weak for the second straight day and prices fell 1.78 per cent to Rs 850.10 per kg in futures trade today as speculators engaged in booking profits, driven by a fall in demand in the spot market.
At the Multi Commodity Exchange, mentha oil for delivery in March fell further by Rs 15.40, or 1.78 per cent to Rs 850.10 per kg in a business turnover of 668 lots.
In a similar fashion, the oil for delivery in April lost Rs 15.40, or 1.76 per cent, to Rs 859.80 per kg in 162 lots.
Analysts said besides continued profit-booking by speculators, fall in demand from consuming industries in the spot market against adequate stocks position kept pressure on mentha oil prices at futures trade. (AGENCIES)
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