Mentha oil prices fell by Rs 8.40, or 1.10 per cent, to Rs 757.20 per kg in futures trade today as traders indulged in profit-booking amid fall in spot market demand.
Increased arrivals from producing belts in Uttar Pradesh also put pressure on the prices.
At the Multi Commodity Exchange, mentha oil delivery in for August month contracts declined by Rs 8.40 or 1.10 per cent, to Rs 757.20 per kg in a business volume of 720 lots.
Similarly, the oil for delivery in September month contract eased by Rs 8 or 1.03 per cent, to Rs 769.50 per kg, in business turnover of 587 lots, while October month contract fell by Rs 7.80 or 0.99 per cent to Rs 779.40 per kg in 128 lots.
The fall in mentha oil prices was due to profit-taking by speculators due to fall in demand in the spot market, traders said.
