New Delhi, Feb 20 (PTI) Mentha oil futures fell 2.16 per cent to Rs 1,287 per kg today as speculators trimmed positions, driven by subdued demand from consuming industries in the spot market. Also Read - UP Shocker: 13-year-old Boy Sexually Assaulted by 2 Minors in Aligarh, Given Rs 20 to Stay Mum
Further, ample stocks position on higher supplies from Chandausi in Uttar Pradesh, too, influenced prices. Also Read - UP Gram Panchayat Election 2021: Last Few Days Left to Raise Objection, Final Reservation List of Seats to be Released on THIS Date
At the Multi Commodity Exchange, mentha oil for delivery in the current month contracts declined by Rs 28.40, or 2.16 per cent, to Rs 1,287 per kg in a business turnover of 144 lots. Also Read - Aatma Nirbhar: Viral Video Shows 98-Year-Old Selling Chana, Says 'Don't Want to Be A Burden on Kids'
Likewise, the oil for delivery in March contracts traded lower by Rs 27.50, or 2.08 per cent, at Rs 1,295 per kg in 121 lots.
Analysts said, offloading of positions by participants owing to slackened demand from consuming industries in the spot market against ample stocks position on increased supplies from Chandausi in Uttar Pradesh led to the decline in mentha oil futures.
This is published unedited from the PTI feed.