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Mentha oil extended losses for third straight day with prices falling by 0.68% to Rs 903.80 per kg in futures trading today owing to slackened demand from consuming industries in the spot market.
Besides, higher supplies in the physical market on increased arrivals from Chandausi in Uttar Pradesh also kept pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in July fell further by Rs 6.20, or 0.68%, to Rs 903.80 per kg in business turnover of 213 lots.
Similarly, the oil prices for delivery in August declined by Rs 6.30, or 0.68% to Rs 915.00 per kg in 266 lots.
Market analysts said speculators reduced positions on the back of subdued demand from consuming industries in the spot market against adequate stocks position mainly helped mentha oil prices to extend losses at futures trade for third day.
