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18-Jul2017

Mentha oil futures trade marginally lower on sluggish demand

Mentha oil futures traded marginally lower on MCX as speculators trimmed positions, driven by sluggish 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 influenced mentha oil prices.

The contract for July delivery was trading at Rs 950.70, down by 0.54% or Rs 5.20 from its previous closing of Rs 955.90. The open interest of the contract stood at 3003 lots.

The contract for August delivery was trading at Rs 962.50, down by 0.56% or Rs 5.40 from its previous closing of Rs 967.90. The open interest of the contract stood at 1683 lots on MCX.


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