Futures contracts of mentha oil fell over 1% on the MCX today, tracking spot markets in Uttar Pradesh. The most active August mentha oil contract traded at 1,148.8 rupees per kg, down 1.1% from the previous close. Prices fell in Barabanki, a key wholesale market, due to weak demand from exporters and the consuming industry. Growers' Association of India. Arrivals were pegged at 200 drums (1 drum = 180 kg), almost unchanged from Monday.Mentha oil futures on the MCX also declined as investors continued to book profits after the August contract hit a record-high of 1,179.10 rupees per kg on Friday.
Source: Newswire
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