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23-May2018

Mentha oil futures decline on muted demand

Mentha oil futures declined on MCX as speculators trimmed positions, driven by muted demand from consuming industries at the spot market. Besides, ample stocks position on higher supplies from major producing belt of Chandausi in Uttar Pradesh too fuelled the downtrend.

The contract for May delivery was trading at Rs 1250.00, down by 1.31% or Rs 16.60 from its previous closing of Rs 1266.60. The open interest of the contract stood at 1032 lots.

The contract for June delivery was trading at Rs 1138.00, down by 0.44% or Rs 5.00 from its previous closing of Rs 1143.00. The open interest of the contract stood at 780 lots on MCX.


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