Mentha oil futures edged lower tracing the lackluster demand of the commodity in the spot markets. Trading sentiment weakened further due to adequate stocks position in the physical market following increased arrivals from producing region. Moreover, the international mint consuming segments are shifting towards synthetic mentha oil, which is also driving mentha oil prices lower.
The contract for April delivery was trading at Rs 846.70 /Kg, down by 0.39% or Rs 3.30 from its previous closing of Rs 850.00 /Kg. The open interest of the contract stood at 3838.00 lots.
The contract for May delivery was trading at 858.00/Kg, down by 0.49% or Rs 4.20 from its previous closing of Rs 862.20 /Kg. The open interest of the contract stood at 1145.00 lots on MCX.
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