Mentha oil futures fell 1.19 per cent Monday as speculators trimmed positions amid ample stock position at the spot markets on increased arrivals and reduced demand from consuming industries.
At the Multi Commodity Exchange, mentha oil for delivery in December contracts was trading lower by Rs 17.70, or 1.19 per cent to Rs 1,474 per kg in a business turnover of 58 lots.
Analysts said cutting down of bets by participants due to ample stock at the spot markets against subdued demand, led to the fall in mentha oil prices at futures trade here.