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19-Feb2019

Mentha oil futures trade lower on higher acreage

Mentha oil futures traded lower on MCX, as speculators trimmed their positions on expectations of higher acreage under mint due to lucrative prices throughout last year. Though, fall in inventory at exchange-accredited warehouses and firm demand in spot markets, restricted some losses.

The contract for February delivery was trading at Rs 1661.00, down by 0.66% or Rs 11.00 from its previous closing of Rs 1672.00. The open interest of the contract stood at 888 lots.

The contract for March delivery was trading at Rs 1628.20, down by 0.06% or Rs 0.90 from its previous closing of Rs 1629.10. The open interest of the contract stood at 339 lots on MCX.


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