Mumbai After collecting over two per cent gains on support from upward trend in physical markets yesterday, mentha oil futures slipped down marginally amid profit-booking by traders and speculators during early hours on the Multi Commodity Exchange (MCX) Thursday.

Spot mentha oil prices witnessed an upward trend amid limited selling by traders at major physical markets in the country Wednesday. Selling at the local markets is very less due to Ramdan.

As on September 08, physical stocks of mentha oil in MCX-monitored warehouses were 10,14,791 kgs while demat stocks were of 159,708 kgs. NCDEX-accredited warehouses were stacking up demat stock of 6462 kgs as of September 08.

MCX September mentha oil opened down Rs 1.10 at 630.50/kg, and saw movement between Rs 625.20 and Rs 633.00/kg. At 11.21 am IST, the contract traded down Rs 3.60 at Rs 628.00/kg with a volume of 253 lots.

Benchmark October mentha oil opened down Re 0.50 at 642.00/kg, and fluctuated between Rs 636.00 and Rs 643.00/kg. At 11.13 am IST, the contract traded down Rs 4.10 at Rs 638.40/kg with a volume of 142 lots.