Mentha oil futures prices decline on profit-booking

NEW DELHI, May 15: Mentha oil prices fell by Rs 13.20 to Rs 898.60 per kg in futures trade today as speculators indulged in profit-booking amid subdued spot demand.

Trading sentiments weakened further due to adequate stocks position following increased arrivals from Chandousi in Uttar Pradesh, analsyts said.

At the Multi Commodity Exchange, mentha oil for delivery in May fell by Rs 13.20, or 1.44 per cent, to Rs 898.60 per kg, with a business volume of 836 lots.

Similarly, mentha oil prices for the June delivery fell by Rs 10.80, or 1.12 per cent, to Rs 900 per kg, with a business turnover of 253 lots. (PTI)