Mentha oil futures prices fell by Rs 8.70 to Rs 1,290.30 per kg today, as traders booked profits amid fall in demand in the spot market.
Increased arrivals in the physical market from producing belts in Uttar Pradesh also weighed on mentha oil futures prices.
On the Multi Commodity Exchange, mentha oil for February contract drifted by Rs 8.70, or 0.67%, to Rs 1,290.30 per kg, clocking a business volume of four lots.
Similarly, the oil for delivery in December eased by Rs 8.60, or 0.65%, to Rs 1,308.30 per kg, with a turnover of 230 lots, while January contract fell by Rs 7.40, or 0.56%, to Rs 1,299.10 per kg in 66 lots.
Market analysts said the fall in mentha oil prices was mostly due to profit-taking by speculators and weakening trend at spot market on subdued demand.
