Mentha oil futures fell 1.10 per cent to Rs 1,200 per kg today as speculators trimmed positions, driven by subdued demand from consuming industries at the spot market.
Further, sufficient stocks position on higher supplies from Chandausi in Uttar Pradesh, too, influenced prices.
At the Multi Commodity Exchange, mentha oil for delivery in the current month declined by Rs 13.40, or 1.10 per cent, to Rs 1,200 per kg in a business turnover of 364 lots.
Likewise, the oil for delivery in July traded lower by Rs 8.70, or 0.71 per cent, at Rs 1,220 per kg in 123 lots.
Analysts said off-loading of positions by participants owing to slackened demand from consuming industries at spot market against ample 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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