Free Commodity Tips Expert Said Mantha oil prices regularly to decline due to profit booking. In the before time trading on Monday, the value of Mentha Oil dropped to Rs 17.20 with a sharp fall of Rs 24.20. Even on Friday, the price of mentha oil slipped virtually two percent in the initial trading.
The price of mentha oil
Mentha oil prices were down by Rs 24.20, or 1.41 percent, to Rs 1,697 per kilogram for the September deliverance on the Multi Commodity Exchange (MCX) in early trading (around 10.30 pm) in the morning. During this, the trading volume has been in 246 lots.
Meanwhile, the price of mentha oil delivery in October was down by Rs 24.10 or 1.39 percent to Rs 1,713 per kg.
Experts from the Free Commodity Tips say that last month the prices of mentha oil were high. In the two-and-a-half months, the price of Mentha oil has spiked nearly 20 percent. Because of this, the investors are making profits in it. Experts say that the lack of demand from the customer industries and the be short of demand in the spot market has also put the strain on prices.
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