Mentha oil prices moved down by 0.72 per cent to Rs 898.20 per kg in futures market today as traders trimmed their positions, tracking a weak trend at spot market on tepid demand.
Besides, adequate stocks position in the physical market on increased supplies from producing regions also fuelled the downtrend.
At the Multi Commodity Exchange, mentha oil for delivery in October fell by Rs 6.50 or 0.72 per cent to Rs 898.20 per kg in business turnover of 17 lots.
Similarly, the oil for delivery in September contracts traded lower by Rs 6.30 or 0.70 per cent to Rs 888.40 per kg in 106 lots.
Analysts said offloading of positions by participants owing to slackened demand from consuming industries in spot market against ample stocks on higher supplies from Chandausi in Uttar Pradesh mainly led to decline in mentha oil prices at futures trade.
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