NEW DELHI, June 4: Mentha oil prices fell further by 0.52 per cent to Rs 803.50 per kg in futures market today as speculators reduced positions, driven by higher supplies from producing regions against subdued demand in the spot market.
At the Multi Commodity Exchange, mentha oil for delivery in June declined by Rs 4.20, or 0.52 per cent, to Rs 803.50 per kg in a business turnover of 257 lots.
Similarly, the oil for delivery in July traded lower by Rs 3.80, or 0.46 per cent, to Rs 814.50 per kg in 33 lots.
Market analysts attributed the fall in mentha oil futures to offloading of positions by speculators, triggered by higher supplies from Chandausi in Uttar Pradesh against weak demand in the spot market. (PTI)
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