Mentha oil futures down on increased arrivals, weak demand

NEW DELHI, May 30:  Mentha oil prices fell Rs 3.70 to Rs 814 per kg in futures trade today due to increased arrivals in physical markets from the major producing belts.
At the Multi Commodity Exchange, mentha oil for delivery in June fell by Rs 3.70, or 0.45 per cent, to Rs 814 per kg, with a business turnover of 208 lots.
Similarly, the oil for delivery in May declined by Rs 3.30, or 0.40 per cent, to Rs 805.40 per kg in 55 lots.
Market analysts attributed the fall in mentha oil futures to offloading of positions driven by increased arrivals from producing regions amid weak demand. (PTI)