Mentha oil futures fell 2.68 per cent to Rs 1,185.70 per kg today as speculators trimmed their positions, driven by subdued demand from consuming industries at the spot markets.
Besides, adequate stocks position on higher supplies from major producing belt of Chandausi in Uttar Pradesh fuelled the down trend.
At the Multi Commodity Exchange, mentha oil for delivery in the current month declined by Rs 32.70, or 2.68 per cent, to Rs 1,185.70 per kg, in a business turnover of 604 lots.
Likewise, the oil for delivery in July traded lower by Rs 31.30, or 2.54 per cent, at Rs 1,200 per kg, in 198 lots.
Analysts said, off-loading of positions by participants owing to slackened demand from consuming industries at the spot market against sufficient stocks position on increased supplies from Chandausi in Uttar Pradesh led to the decline in mentha oil prices in futures trade.
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