Mentha oil futures climb 1.40% on upsurge in demand

Mentha oil futures climb 1.40% on upsurge in demand

09/06/2017 17:02

Mentha oil futures were trading higher during evening trade in the domestic market on Friday as investors and speculators extended their positions in the agri-commodity amid upsurge 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 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 June 2017 contract is trading at Rs 919.60 per kg, up by 1.40 per cent, after opening at Rs 912, against a previous close of Rs 906.90. It touched the intra-day high of Rs 927 (at 17:01 hours).

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