Firm physical demand buoys Mentha Oil
16/08/2016 14:01
Mentha oil futures rose during late noon trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the agri-commodity amid a pickup a pickup in physical demand for mentha oil from major consuming industries in the domestic spot market.
However, the gains in the agri-commodity were restricted by abundant supplies amid higher physical arrivals from the major mentha oil producing belts in the country.
At the MCX, mentha oil futures for August 2016 contract were trading at Rs 908.7 per kg, up by 0.30 per cent after opening at Rs 906, against the previous closing price of Rs 906. It touched the intra-day high of Rs 912.8 (at 13:56 PM).
16/08/2016 14:01
However, the gains in the agri-commodity were restricted by abundant supplies amid higher physical arrivals from the major mentha oil producing belts in the country.
At the MCX, mentha oil futures for August 2016 contract were trading at Rs 908.7 per kg, up by 0.30 per cent after opening at Rs 906, against the previous closing price of Rs 906. It touched the intra-day high of Rs 912.8 (at 13:56 PM).
