Mentha oil futures up by 0.14% on rising demand
19/08/2016 10:39
Mentha oil futures were trading higher during the morning trade in the domestic market on Friday as participants indulged in building up of fresh positions in the agri-commodity amid an 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 889.30 per kg, up by 0.14 per cent after opening at Rs 888.50, against the previous closing price of Rs 888.10. It touched the intra-day high of Rs 890.50 (at 10:30 hours).
19/08/2016 10:39
Mentha oil futures were trading higher during the morning trade in the domestic market on Friday as participants indulged in building up of fresh positions in the agri-commodity amid an 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 889.30 per kg, up by 0.14 per cent after opening at Rs 888.50, against the previous closing price of Rs 888.10. It touched the intra-day high of Rs 890.50 (at 10:30 hours).