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18-Apr2011

Mentha Oil Futures Register Marginal Gains

Mentha Oil futures are witnessing marginal gains on the back of lower arrivals and rising export and domestic demand from the Pharmaceutical Industries. However, with the higher arrivals of new crop expected in coming months this could have some bearish impact on the commodity in the medium term.

The contract for April delivery was trading at Rs 1048.30, up by 0.19% or Rs 2.00 from its previous closing of Rs 1046.30. The open interest of the contract stood at 1161 lots.

The contract for May delivery was trading at Rs 1006.40, up by 0.63% or Rs 6.30 from its previous closing of Rs 1000.10. The open interest of the contract stood at 479 lots on MCX.

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