Mentha oil futures traded lower on MCX as speculators booked profits at prevailing levels after decline in demand from consuming industries in the spot market. Further, ample inventories in the physical market due to increased arrivals from the major producing belts too added pressure on mentha oil prices.
The contract for June delivery was trading at Rs 747.30, down by 0.33% or Rs 2.50 from its previous closing of Rs 749.80. The open interest of the contract stood at 2087 lots.
The contract for July delivery was trading at Rs 764.40, down by 0.43% or Rs 3.30 from its previous closing of Rs 767.70. The open interest of the contract stood at 5573 lots on MCX.
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