NEW DELHI: Mentha oil prices fell in futures trade on Monday as speculators trimmed positions on lower demand from consuming industries at the spot market.

Higher supplies from major producing regions in Uttar Pradesh fuelled the downtrend.

Around 11 am, MCX Mentha oil was at Rs 1,498 per kg, down by Rs 25.20, or 1.65 per cent.

Analysts said off-loading of positions by participants amid subdued demand from consuming industries at spot market led to the decline in mentha oil prices in futures trade.