Mentha oil prices fell further by Rs 9.50 to Rs 946 per kg in futures trade today as traders indulged in profit-booking at existing high levels, driven by fall in demand in the spot market.
Increased arrivals from producing belts in Uttar Pradesh also put pressure on the prices.
At the Multi Commodity Exchange, mentha oil for delivery in May declined by Rs 9.50, or 0.99% to Rs 946 per kg, with a business volume of a single lot.
Similarly, the oil for delivery in July eased by Rs 8.60, or 0.95% to Rs 897 per kg, with a business turnover of 144 lots.
Mentha oil prices for delivery in June declined by Rs 8.10, or 0.89% to Rs 901 per kg, with a business volume of 157 lots.
Traders said the fall in mentha oil prices was mostly due to profit-taking by speculators on the back of fall in spot market demand.
