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07-Sep2018

Mentha oil futures trade in red on profit booking

Mentha oil futures traded in red on MCX, as speculators booked profits, driven by a fall in demand from consuming industries at the spot market. Besides, ample stocks position in the spot markets on higher supplies from major producing belts of Chandausi in Uttar Pradesh too fuelled the downtrend.

The contract for September delivery was trading at Rs 1717.00, down by 0.33% or Rs 5.60 from its previous closing of Rs 1722.60. The open interest of the contract stood at 1451 lots.

The contract for October delivery was trading at 1738.00, down by 0.44% or Rs 7.60 from its previous closing of Rs 1745.60. The open interest of the contract stood at 430 lots on MCX.


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