Pick up in demand lifts mentha oil futures by 0.13%

Pick up in demand lifts mentha oil futures by 0.13%

10/10/2016 10:40

Mentha oil futures were trading higher during the morning trade in the domestic market on Monday as participants build up fresh positions in the agri-commodity amid pick up in physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, widening of positions by traders in the spot market led by a rise in demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions, supported mentha oil prices at futures trade.

At the MCX, mentha oil futures for October 2016 contract were trading at Rs 867.50 per kg, up by 0.13 per cent after opening at Rs 866.80, against the previous closing price of Rs 866.40. It touched the intra-day high of Rs 868.80 (at 10:40 hours).

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