Increase in demand lifts Mentha Oil for second straight day
16/12/2014 15:19
Mentha oil prices rose by 0.47 per cent on Tuesday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh.
At MCX, Mentha oil futures for December 2014 contract, at MCX, were trading at Rs. 727.40 per kg, up by 0.47 per cent after opening at Rs. 724 against the previous closing price of Rs. 724. It touched the intra-day high of Rs. 728 till the trading. (At 3.19 PM today).
16/12/2014 15:19
Mentha oil prices rose by 0.47 per cent on Tuesday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh.
At MCX, Mentha oil futures for December 2014 contract, at MCX, were trading at Rs. 727.40 per kg, up by 0.47 per cent after opening at Rs. 724 against the previous closing price of Rs. 724. It touched the intra-day high of Rs. 728 till the trading. (At 3.19 PM today).
