Mentha oil futures decline on profit booking

Mentha oil futures declined on MCX on profit booking after the prices gained as reports of a fall in sowing in the growing state of UP created a bullish impact. However, better export demand and restricted supplies from the major producing belts capped some losses in mentha oil prices. The contract for May delivery was trading at Rs 863.00, down by 1.67% or Rs 14.70 from its previous closing of Rs 877.70. The open interest of the contract stood at 3495 lots. The contract for June delivery was trading at Rs 875.50, down by 1.55% or Rs 13.80 from its previous closing of Rs 889.30. The open interest of the contract stood at 1255 lots on MCX.