Mentha oil futures moved down by 1.12 per cent to Rs 1,295.50 per kg in futures market today as speculators booked profits at prevailing levels amid fall in demand in the spot market.
At the Multi Commodity Exchange, mentha oil for delivery in May drifted lower by Rs 14.70, or 1.12 per cent, to Rs 1,295.50 per kg in business turnover of 51 lots.
Similarly, the oil for delivery in April contracts was trading lower by Rs 12.70, or 0.89 per cent, to Rs 1,413 per kg in 301 lots.
Analysts said besides profit-booking by participants, fall in demand from consuming industries in spot market against ample stocks position weighed on mentha oil futures.
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