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Mentha oil down 0.4% on subdued demand

Amid easing demand at domestic spot market and adequate stocks on higher supplies from producing regions, fell 0.40% to Rs 886.30 per kg in futures trade today.

At the market, mentha oil for delivery in February fell by Rs 3.60, or 0.40% to Rs 886.30 per kg in a business turnover of 21 lots.

Likewise, the oil for delivery in January weakened by Rs 3.30, or 0.38% to Rs 874.50 per kg in 157 lots.

Analysts said offloading of positions by traders on the back of low demand from consuming industries in the spot against adequate stocks on higher supplies from producing regions mainly kept pressure on mentha oil at futures trade.