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19-Mar2019

Mentha oil futures trade down on lower demand

Mentha oil futures traded lower on MCX, as speculators trimmed their positions on account of lower demand from consuming industries at the domestic spot market. Further, ample stocks on higher supplies from the major producing regions too added pressure on mentha oil prices.

The contract for March delivery was trading at Rs 1630.00, down by 1.31% or Rs 21.70 from its previous closing of Rs 1651.70. The open interest of the contract stood at 783 lots.

The contract for April delivery was trading at Rs 1585.00, down by 1.2% or Rs 19.20 from its previous closing of Rs 1604.20. The open interest of the contract stood at 235 lots on MCX.


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