Muted demand drags down mentha oil futures 0.43 pc

Mentha oil prices eased by 0.43 per cent to Rs 991.50 per kg in futures trade today as speculators trimmed positions, driven by sluggish demand from consuming industries at the spot market.

At the Multi Commodity Exchange, mentha oil for delivery this month eased by Rs 4.30, or 0.43 per cent, to Rs 991.50 per kg, in a business turnover of 287 lots.

On similar lines, the oil for delivery in May traded lower by Rs 4, or 0.40 per cent, to Rs 996.50 per kg in 17 lots.

Analysts said offloading of positions by participants due to subdued demand from consuming industries in spot market against ample stocks position on higher supplies from Chandausi in Uttar Pradesh mainly led to the decline in mentha oil prices at futures trade.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)