Mentha oil futures moved down by 1.57 per cent to Rs 1,496.60 per kg in futures market today as speculators booked profits at prevailing levels amid fall in demand in the spot market.
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's contract drifted lower by Rs 23.90, or 1.57 per cent, to Rs 1,496.60 per kg in business turnover of 1,013 lots.
Similarly, the oil for delivery in August contract was trading lower by Rs 14.70, or 0.96 per cent, to Rs 1,524 per kg in 292 lots.
Analysts said besides profit-booking by participants, fall in demand from consuming industries in spot market against ample stocks position weighed on mentha oil futures.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)