Mentha oil futures surge 0.78% as demand picks up

Mentha oil futures surge 0.78% as demand picks up

13/04/2017 17:42

Mentha oil futures were trading higher during evening trade in the domestic market on Thursday as investors and speculators extended their positions 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 a surge 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 April 2017 contract is trading at Rs 991.50 per kg, up by 0.78 per cent, after opening at Rs 986.20, against the previous closing price of Rs 983.80. It touched the intra-day high of Rs 993.50 (at 17:44 hours).

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