Mentha oil futures today fell by Rs 15.60 to Rs 990.40 per kg, as traders indulged in profit-booking at existing higher levels amid fall in demand in the spot market.
Increased arrivals from producing belts in Uttar Pradesh also put pressure on the prices.
At the Multi Commodity Exchange platform, mentha oil for November month contract declined by Rs 15.60, or 1.55 per cent to Rs 990.40 per kg, with a business volume of 837 lots.
Similarly, the oil for delivery in December contract eased by Rs 15.10, or 1.48 per cent, to Rs 999.10 per kg, with a business volume of 244 lots, while October-month contract fell by Rs 12.90, or 1.30 per cent, to Rs 980 per kg, with an open interest of 1,491 lots.
The fall in mentha oil prices was mostly due to profit- taking by speculators amid fall in demand in the spot market, traders said.
