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Mentha oil prices fell by Rs 39 to Rs 1,259.40 per kg in futures trade on Monday as traders indulged in profit-booking, driven by subdued spot demand.
In addition, reports of higher arrivals from the fresh crop and higher production estimates also weighed on the prices.
At the Multi Commodity Exchange, mentha oil for delivery in May fell by Rs 39, or 3 per cent, to Rs 1,259.40 per kg, with a business volume of 224 lots.
Similarly, mentha oil prices for the June delivery drifted by Rs 31.90, or 2.46 per cent, to Rs 1,261 per kg, with a business turnover of 662 lots.
The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators following weak trend at spot market on subdued demand, traders said.
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