NEW DELHI, Mar 15: Mentha oil prices declined by Rs 9.80 to Rs 1,216.10 per kg in futures trade today due to weak demand from consuming industries in the spot market.
Adequate stocks position following increased arrivals from Chandausi in Uttar Pradesh also put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in March declined by Rs 9.80, or 0.80 per cent, to Rs 1,216.10 per kg in business turnover of 960 lots.
In a similar fashion, the oil for delivery in April shed Rs 7.60, or 0.62 per cent, to Rs 1,222 per kg in 211 lots.
Market analysts attributed the decline in mentha oil futures to subdued demand from consuming industries in the spot market against adequate supplies from Chandausi in Uttar Pradesh. (PTI)
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