Mentha oil prices declined by Rs 8.60 to Rs 1,300 per kg in futures trading today as speculators booked profits after two days of gains.
The adequate stocks position following increased arrivals from Chandausi, in Uttar Pradesh, also weighed on mentha oil prices in futures trade.
At the Multi Commodity Exchange, February mentha oil fell by Rs 8.60, or 0.66%, to Rs 1,300 per kg in 17 lots.
The December contract shed Rs 6.80, or 0.51%, to Rs 1,317.60 per kg in 400 lots.
Market analysts said the fall in mentha oil prices was mostly due to profit-booking by speculators amid a weak trend in the spot market following a fall in demand.
