Mentha oil up on surge in demand

Mentha oil up on surge in demand

30/12/2016 17:20

Mentha oil futures were trading higher during the evening trade in the domestic market on Friday as participants build up fresh bets in the agri-commodity amid uptick 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 was led by rise in physical 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 December 2016 contract is trading at Rs 1035 per kg, up by 0.84 per cent after opening at Rs 1027.10, against the previous closing price of Rs 1026.40. It touched the intra-day high of Rs 1035.60 (at 17:15 hours).

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