Mentha oil futures up 0.29% on rising demand
23/08/2016 10:45
Mentha oil futures were trading higher during the morning trade in the domestic market on Tuesday as participants widened their bets in the agri-commodity amid increase in physical demand from major consuming industries for mentha oil in the domestic spot market. Further, a surge in demand for mentha oil futures was attributed to build up 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 885.10 per kg, up by 0.29 per cent after opening at Rs 880.50, against the previous closing price of Rs 882.50. It touched the intra-day high of Rs 885.70 (at 10:44 hours).
