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11-Apr2019

Mentha oil futures decline on muted demand

Mentha oil futures declined on MCX as speculators trimmed their positions on muted demand from consuming industries at the spot market. Further, ample stocks on higher supplies from the major producing belts too added pressure on mentha oil prices.

The contract for April delivery was trading at Rs 1460.00, down by 0.82% or Rs 12.00 from its previous closing of Rs 1472.00. The open interest of the contract stood at 651 lots.

The contract for May delivery was trading at Rs 1343.00, down by 0.43% or Rs 5.80 from its previous closing of Rs 1348.80. The open interest of the contract stood at 241 lots on MCX.


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