Mentha oil futures plunged over 3% to Rs 2,107.50 per kg today, as speculators booked profits at prevailing higher levels amid sluggish demand.
Adequate stocks position following increased arrivals from Chandousi in Uttar Pradesh also kept pressure on mentha oil prices.
At the Multi Commodity Exchange, the March mentha oil tumbled by Rs 66.40, or 3.05% to Rs 2,107.50 per kg in business turnover of 982 lots.
The April delivery in April plunged Rs 52.50, or 2.36% to Rs 2,176 per kg in 1,211 lots.
Marketmen said emergence of profit-booking by speculators and subdued demand at spot markets, mainly attributed fall in mentha prices at futures trade.
