Mentha oil prices fell by 2.26% to Rs 1,199.80 per kg in futures trade today as speculators offloaded their positions, tracking a weak trend at spot market.
At the Multi Commodity Exchange, mentha oil for delivery in July fell by Rs 27.70, or 2.26%, to Rs 1,199.80 per kg, with a business turnover of 519 lots.
Similarly, the oil for delivery in August lost Rs 26.60, or 2.13%, to Rs 1,219.80 per kg, with a business turnover of 133 lots.
Market analysts said speculators offloaded positions on the back of sluggish demand from pharmaceutical units against adequate stocks position which pulled down mentha oil prices at futures trade.
