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Mentha oil prices fell 1.25% to Rs 888 per kg in futures trade today as speculators reduced their positions amid sluggish demand from consuming industries in the spot market.
Besides, adequate stocks availability in the physical market following increased arrivals from producing regions put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in May fell by Rs 11.20, or 1.25% to Rs 888 per kg in business turnover of 84 lots.
Similarly, the oil for delivery in April declined by Rs 10.40, or 1.17% to Rs 878 per kg in 318 lots.
Analysts said speculators reduced positions due to sluggish demand from consuming industries in the spot market against increased arrivals from Chandausi in Uttar Pradesh mainly pulled down mentha oil prices at futures trade.
