Mentha oil futures up 0.11% on uptick in demand
24/08/2016 10:38
Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday as participants build up fresh positions in the agri-commodity amid increase in physical demand from major consuming industries for mentha oil in the domestic spot market. Further, an uptick in demand for mentha oil futures was attributed to widening of positions by traders in the spot market, supported prices of mentha oil at futures trade. At the MCX, mentha oil futures for August 2016 contract were trading at Rs 904.30 per kg, up by 0.11 per cent after opening at Rs 903, against the previous closing price of Rs 903.30. It touched the intra-day high of Rs 906.50 (at 10:37 hours).
