Mentha oil futures fall on profit-booking, down 0.29%

Mentha oil futures drifted lower by 0.29 percent to Rs 1,759 per kg in futures trading today as speculators booked profits, driven by easing demand at the spot market against adequate stocks position.

At the Multi Commodity Exchange, mentha oil for delivery in September fell by Rs 5.20, or 0.29 percent, to Rs 1,759 per kg in business turnover of 196 lots.

Likewise, the oil for delivery in August contracts shed Rs 2.90, or 0.17 percent, to Rs 1,708.50 per kg in 50 lots.

Analysts said besides profit-booking by participants, fall in demand from consuming industries in the physical markets against ample stocks position weighed on mentha oil futures.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)