Mentha oil futures up by 0.39% on rising demand 16/08/2016

Mentha oil futures up by 0.39% on rising demand
16/08/2016 10:51
Mentha oil futures were trading higher during the morning trade in the domestic market on Tuesday as participants build up fresh positions in the agri-commodity amid a rise in physical demand from major consuming industries for mentha oil in the domestic spot market. Further, an increase 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 909.50 per kg, up by 0.39 per cent after opening at Rs 906, against the previous closing price of Rs 906. It touched the intra-day high of Rs 910.30 (at 10:50 hours).