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18-Apr2017

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. Further, ample stocks position on higher supplies from Chandausi in Uttar Pradesh too weighed on mentha oil prices.

The contract for April delivery was trading at Rs 965.30, down by 0.2% or Rs 1.90 from its previous closing of Rs 967.20. The open interest of the contract stood at 2661 lots.

The contract for May delivery was trading at Rs 977.20, down by 0.06% or Re 0.60 from its previous closing of Rs 977.80. The open interest of the contract stood at 629 lots on MCX.

 


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