Mentha oil plunges 2% on profit-booking
Mentha oil futures prices fell by 2.12% to Rs 1,385.10 per kg today as traders engaged in booking profits amid subdued demand in the spot market.
At the MCX, mentha oil for delivery in July fell sharply by Rs 30.10, or 2.12%, to Rs 1,385.10 per kg, with a business volume of 440 lots.
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The oil prices for delivery in June also eased by Rs 28.60, or 2.04%, to Rs 1,373 per kg, with a business turnover of 833 lots.
The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators amid a weak trend at spot markets on subdued demand, traders said.