Mentha Oil futures edged lower on MCX as speculators trimmed their positions, driven by sluggish demand from consuming industries at the spot market. Besides, ample stocks position on higher supplies from producing regions also weighed on mentha oil prices.
The contract for September delivery was trading at Rs 890.30, down by 0.88% or Rs 7.90 from its previous closing of Rs 898.20.The open interest of the contract stood at 4863 lots.
The contract for October delivery was trading at Rs 900.70, down by 0.76% or Rs 6.90 from its previous closing of Rs 907.60. The open interest of the contract stood at 1806 lots on MCX.