NEW DELHI, Nov 17: Mentha oil prices softened by 0.10 per cent to Rs 688.30 per kg in futures trade today as participants trimmed positions, driven by subdued demand from consuming industries in the spot market.
Besides, adequate stocks position in the physical market on increased arrivals from Chandausi in Uttar Pradesh put pressure on mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in November month edged down by 70 paise, or 0.10 per cent to Rs 688.30 per kg in business turnover of 99 lots.
Similarly, the oil for delivery in December traded lower by 60 paise, or 0.09 per cent to Rs 699 per kg in 50 lots.
Analysts said offloading of positions by speculators on low demand from consuming industries in the spot market mainly influenced mentha oil prices in futures trade. (PTI)
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