Mentha oil prices fell by Rs 15.40 to Rs 1,113.70 per kg in futures trade today as speculators reduced their positions, driven by a weak trend at the spot market on sluggish demand.
At the Multi Commodity Exchange, mentha oil for September delivery fell by Rs 15.40, or 1.36% to Rs 1,113.70 per kg in a business turnover of 82 lots.
Likewise, the oil for July delivery declined by Rs 14.50, or 1.29% to Rs 1105.90 per kg with business a volume of a 854 lots.
Market analysts said off-loading of positions by speculators in view of sluggish demand from pharmaceutical units in the spot market mainly kept the pressure on mentha oil futures prices.