Mentha oil prices eased by 1.68 per cent to Rs 1,022 per kg in futures trade today as speculators trimmed positions, driven by sluggish demand from industries at the spot markets.
Besides, ample stocks position on higher supplies from producing regions too influenced mentha oil prices.
At the Multi Commodity Exchange, mentha oil contract for delivery in current month eased by Rs 17.50, or 1.68 per cent, to Rs 1,022 per kg, in a business turnover of 177 lots.
On similar lines, the oil for delivery in June contract traded lower by Rs 4.10, or 0.44 per cent, to Rs 918.90 per kg in 83 lots.
Analysts said that offloading of positions by participants due to subdued demand from consuming industries in the spot market against ample stocks position on higher supplies from Chandausi in Uttar Pradesh mainly led to the decline in mentha oil prices in futures trade.
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