Mentha Oil futures decline on low demand

Mentha Oil futures traded down on MCX as reducing of positions by participants due to lower demand from consuming industries in the spot market against higher supplies from Chandausi in Uttar Pradesh mainly influenced mentha oil prices at futures trade. The contract for April delivery was trading at Rs 830.90, down by 0.29% or Rs 2.40 from its previous closing of Rs 833.30. The open interest of the contract stood at 2229.00 lots. The contract for May delivery was trading at Rs 843.10, down by 0.31% or Rs 2.60 from its previous closing of Rs 845.70. The open interest of the contract stood at 2712.00 lots on MCX.