Mentha oil prices shed 0.24% to Rs 874.50 per kg in futures trading today as speculators booked profits at existing high levels, driven by a weak trend at the spot market on subdued demand.
At the Multi Commodity Exchange, July contracts for mentha oil declined by Rs 2.10, or 0.24%, to Rs 874.50, with a business turnover of 111 lots.
Similarly, the June contract traded lower by Rs 1.70, or 0.20%, to Rs 864.70, with an open interest of 32 lots.
Market analysts said besides profit-booking by speculators, subdued demand in the spot market mainly led to the decline in mentha oil futures prices.
