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Mentha oil prices fell by 2.20% to Rs 899.10 per kg in futures trade today as speculators booked profits at prevailing higher levels amid a weak demand in the spot market.
Adequate stocks position in the physical market following increased arrivals from Chandousi in Uttar Pradesh also fuelled the downtrend in mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in September fell by Rs 20.30, or 2.20%, to Rs 899.10 per kg, with a business turnover of Rs 562 lots.
Similarly, the oil for delivery in October declined by Rs 19.80, or 2.13%, to Rs 912.80 per kg in 107 lots.
Marketmen attributed the fall in mentha oil futures to profit-booking by speculators after recent gains and a weak industrial demand in the spot market.
