Mentha oil futures fell 1.72 per cent to Rs 1,301.20 per kg today as speculators trimmed their positions, driven by subdued demand from consuming industries at the spot markets.
Besides, adequate stocks position on higher supplies from major producing belt of Chandausi in Uttar Pradesh fuelled the downtrend.
At the Multi Commodity Exchange, mentha oil for delivery in the current month declined by Rs 22.40, or 1.72 per cent, to Rs 1,301.20 per kg in a business turnover of 59 lots.
Likewise, the oil for delivery in June traded lower by Rs 11.70, or 1 per cent, at Rs 1,165 per kg in 66 lots.
Analysts said off-loading of positions by participants owing to slackened demand from consuming industries at the spot markets against sufficient stocks position on increased supplies from Chandausi in Uttar Pradesh led to the decline in mentha oil prices in futures trade.
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