Around 11:55 am, MCX Mentha Oil traded at Rs 1,306.65 a kg, up by Rs 20.45.

"Mentha Oil prices fell owing to continued supply at the spot market amid the slump in demand," said Mustafa Nadeem, CEO, Epic Research.

Mentha oil is expected to trade in the price range of Rs 1,525 to 1,470 for some time.

Analysts say mentha oil prices may come lower in coming days due to the oversupply of it at the spot market.

By the end of this month, mentha oil prices may slip to Rs 1,625 in spot market.

Further, tight stocks position on fall in supplies from key producing regions influenced mentha oil prices.

Raising of bets by speculators drove mentha oil prices higher in futures trade.

Riding on higher demand coupled with restricted arrival from producing regions mentha oil prices rose.

Around 11:05 am, MCX Mentha oil was trading at Rs 1,596.30 per kg, up by Rs 47.60, or 3.07 per cent.

The MCX Mentha oil was trading at Rs 1,669.50 per kilo.

Besides, adequate stocks position in the physical market on higher supplies from producing belts put pressure on mentha oil prices.

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