Mentha oil futures declined on MCX as speculators reduced their holdings driven by lack of demand due to higher stocks in the physical market. Besides, expectations of higher output from the major producing belts too added pressure on mentha oil prices.
The contract for May delivery was trading at Rs 834.50, down by 1.14% or Rs 9.60 from its previous closing of Rs 844.10. The open interest of the contract stood at 2585 lots.
The contract for June delivery was trading at Rs 846.50, down by 1.06% or Rs 9.10 from its previous closing of Rs 855.60. The open interest of the contract stood at 1808 lots on MCX.
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