Mentha oil futures prices traded slightly lower by Rs 0.50, or 0.07 per cent, to Rs 718 per kg today, as speculators booked profits, driven by a weak spot market demand.
Increased arrivals from the major producing area of Chandausi in Uttar Pradesh also put pressure on the prices.
At the Multi Commodity Exchange counter, mentha for September traded lower by Rs 0.50, or 0.07 per cent, to Rs 718 per kg, with an open interest of 1,624 lots.
The oil for delivery in current-month July shed Rs 0.40, or 0.06 per cent, to Rs 684.80 per kg, with an open interest of 4,474 lots.
Marketmen said profit-taking by speculators, driven by a weakening trend at the spot market mainly led to a fall in mentha oil prices at futures trade.
