Mentha oil continued to slide for the third straight day, losing Rs 6.60 to Rs 1,572.40 per kg in futures trading today as traders reduced their holdings after decline in demand in the spot market.

Adequate supplies in the physical market following increased arrivals from Chandousi in Uttar Pradesh also influenced the sentiment.

Also Read   Related Stories News Now - Zinc sheds 0.6% on weak global cues - Copper sheds almost 1% on weak global cues - MCX sets IPO price band at Rs 860-1,032 - MCX to announce price band for issue tomorrow - Gold futures up on global cues - Cardamom sheds 2% on profit-booking

Also Read   Related Stories News Now - Markets end lower ahead of May F&O expiry - Rupee closes at new low of 56.24 - Wall Street opens 1% lower on Europe - Shashi Ruia steps down from board of Essar Ports - Sebi allows firms listed on RSEs to migrate to main bourses More

The March contract traded lower by Rs 4.10, or 0.28% to Rs 1,590.10 per kg in 66 lots.

Analysts said traders reduced their holdings after fall in demand in the spot market.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Rupee closes at new low of 56.24 - Wall Street opens 1% lower on Europe - Shashi Ruia steps down from board of Essar Ports - Sebi allows firms listed on RSEs to migrate to main bourses

Tags : Mentha oil | MCX   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Journey on, We are by Your Side. Click here to know more -  Help a Child Achieve her. Click to know more -  "Discover The Power of One" -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here