Firm physical demand buoys Mentha Oil
04/08/2016 12:34
Mentha Oil futures climbed during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for mentha oil from major consuming industries in the spot market.
Further, restricted supplies amid lower physical arrivals from the major Mentha Oil producing regions also exerted upward pressure on domestic prices.
At MCX, Mentha oil futures for July 2016 contract, at MCX, were trading at Rs 942 per kg, up by 0.30 per cent after opening at Rs. 941.8, against the previous closing price of Rs. 939.2. It touched the intra-day high of Rs. 946.5. (At 12:30 PM).
04/08/2016 12:34
Further, restricted supplies amid lower physical arrivals from the major Mentha Oil producing regions also exerted upward pressure on domestic prices.
At MCX, Mentha oil futures for July 2016 contract, at MCX, were trading at Rs 942 per kg, up by 0.30 per cent after opening at Rs. 941.8, against the previous closing price of Rs. 939.2. It touched the intra-day high of Rs. 946.5. (At 12:30 PM).
