Mentha oil futures fall 0.71 pc on profit-booking

NEW DELHI, Mar 11: Mentha oil prices fell by 0.71 per cent to Rs 870 per kg in futures trading today after speculators booked profits at prevailing levels.
Besides, subdued demand from consuming industries in the spot market also weighed on prices.
At the Multi Commodity Exchange, mentha oil for delivery in April fell by Rs 6.20, or 0.71 per cent, to Rs 870 per kg in a business turnover of 162 lots.
Likewise, the oil for delivery in March declined by Rs 5.60, or 0.65 per cent, to Rs 861.20 per kg in 1,062 lots.
Analysts said the fall in mentha oil futures was mostly due to profit-booking by speculators at higher levels and decline in demand from consuming industries in the spot market. (AGENCIES)