Mentha oil prices fell by Rs 8.60 to Rs 1,244.50 per kg in futures trade today as traders indulged in profit-booking amid fall in demand in the spot market.
Increased arrivals in the spot market from the producing belts in Uttar Pradesh also weighed on the prices.
On the Multi Commodity Exchange, October mentha oildrifted by Rs 8.60, or 0.68% to Rs 1,244.50 per kg, clocking a business volume of 234 lots.
The November contract eased by Rs 7.80, or 0.62% to Rs 1,245.90 per kg, with a business turnover of 136 lots, while September contract fell by Rs 5.20, or 0.41% to Rs 1,240.10 per kg in 735 lots.
Market analysts said fall in mentha oil prices was mostly due to profit-taking by speculators and a weak trend at the spot market due to poor demand.
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