Mentha oil futures traded lower on MCX as speculators trimmed positions amid subdued demand from consuming industries at the spot market. Besides, ample stocks position on higher supplies from major producing belts of Chandausi in Uttar Pradesh too fuelled the downtrend.
The contract for May delivery was trading at Rs 1368.00, down by 1.48% or Rs 20.60 from its previous closing of Rs 1388.60. The open interest of the contract stood at 914 lots.
The contract for June delivery was trading at Rs 1214.00, down by 1.86% or Rs 23.00 from its previous closing of Rs 1237.00. The open interest of the contract stood at 611 lots on MCX.