NEW DELHI, Mar 28: Mentha oil futures fell 1.30 per cent to Rs 1,288.50 per kg today as speculators trimmed their positions, driven by sluggish demand at the spot market.
Ample stocks position on higher supplies from Chandausi in Uttar Pradesh too weighed on mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in April declined by Rs 17, or 1.30 per cent, to Rs 1,288.50 per kg in a business turnover of 435 lots.
Likewise, the oil for delivery in far-month May traded lower by Rs 9.50, or 0.81 per cent, to Rs 1,169 per kg in 10 lots.
Analysts said offloading of positions by participants owing to slackened demand from consuming industries in spot market against ample stocks position mainly led to the decline in mentha oil prices in futures trade. (PTI)
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