Restricted supplies, increased demand lifts mentha
oil
26/12/2014 16:17
Mentha oil prices rose by 0.72 per cent on Friday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for December 2014 contract, at MCX, were trading at Rs. 723.60 per kg, up by 0.72 per cent after opening at Rs. 725.00 against the previous closing price of Rs. 718.40. It touched the intra-day high of Rs. 726.20 till the trading. (At 4.17 PM today). 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.
26/12/2014 16:17
Mentha oil prices rose by 0.72 per cent on Friday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for December 2014 contract, at MCX, were trading at Rs. 723.60 per kg, up by 0.72 per cent after opening at Rs. 725.00 against the previous closing price of Rs. 718.40. It touched the intra-day high of Rs. 726.20 till the trading. (At 4.17 PM today). 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.
