Mentha oil futures fall 1.34% on muted demand

Mentha oil prices fell 1.34 per cent to Rs 1,522.60 per kg in futures trade today as speculators trimmed positions, triggered by muted demand from consuming industries in the spot market.
Besides, ample stock positions on higher supplies from major producing regions of Chandausi in Uttar Pradesh fuelled the downtrend.
At the Multi Commodity Exchange, mentha oil for delivery this month declined Rs 20.70, or 1.34 per cent, to Rs 1,522.60 per kg, in a business turnover of 187 lots.
On similar lines, the oil for delivery in February traded Rs 16.80, or 1.08 per cent, lower at Rs 1,543.50 per kg in 66 lots.

Analysts said offloading of positions by participants amid subdued demand from consuming industries in the spot market led to the decline in prices in futures trade.