Mentha oil prices fell by Rs six or 0.84 per cent to Rs 706.50 per kg in futures market today, as traders booked profits at existing higher prices amid fall in demand in spot markets.
On the Multi Commodity Exchange, mentha oil for May contract declined by Rs six, or 0.84 per cent to Rs 706.50 per kg, with a trading volume of 349 lots.
The oil for delivery in June-month contract dropped by Rs 5.70, or 0.80 per cent to Rs 704.10 per kg, with a business turnover of 67 lots, while July contract also eased by Rs 4.80 or 0.69 per cent to Rs 694.60 per kg, with a turnover of 20 lots.
The fall in mentha oil prices was mostly due to profit booking by speculators amid fall in demand in the spot market, traders said.
Reduced offtake from pharmaceutical units also put pressure on the mentha prices, they said.