Mentha oil futures fell by Rs 32.50 to Rs 1,453.90 per kg today, as speculators booked profits at existing levels amid a weak trend at spot market due to sluggish demand.
Adequate stocks position following increased arrivals from Chandausi in Uttar Pradesh, also weighed on mentha oil futures prices.
At the Multi Commodity Exchange, January mentha oil fell by Rs 32.50, or 2.19%, to Rs 1,453.90 per kg in business turnover of 3,221 lots.
The Feburary delivery declined by Rs 25.20, or 1.70%, to Rs 1,456.90 per kg in 1,179 lots.
Market analysts said the fall in mentha oil prices was mostly due to profit-booking by speculators at prevailing higher levels amid a weak trend in the spot market on sluggish demand.
