Mentha oil prices fell by Rs 16.90 to Rs 1,308 per kg in futures trade today as traders indulged in profit-booking, driven by subdued demand in the spot market.
At the Multi Commodity Exchange, October mentha oil declined by Rs 16.90, or 1.27%, to Rs 1,308 per kg, with as a business volume of 474 lots.
The September contract eased by Rs 15.80, or 1.20%, to Rs 1,293.40 per kg, with a business turnover of 898 lots, while November contract mentha oil fell by Rs 15.60 or 1.17% to Rs 1,311.20 per kg in 84 lots.
The fall in mentha oil prices was mostly due to profit-booking by speculators and a weak trend in the spot market on subdued demand, traders said.