Mentha oil futures fell 2.19 per cent to Rs 1,290 per kg today as speculators booked profits at prevailing levels amid fall in demand at 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 July declined by Rs 28.90, or 2.19 per cent, to Rs 1,290 per kg in a business turnover of 499 lots.
Likewise, the oil for delivery in July traded lower by Rs 14.40, or 1.08 per cent, at Rs 1,322 per kg in 123 lots.
Analysts said besides profit-booking by participants, fall in demand from consuming industries at spot market against ample stocks position weighed on mentha oil futures.
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