Mentha oil futures up on pick-up in demand
01/11/2017 10:24
Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.
At the MCX, mentha oil futures for November 2017 contract was trading at Rs 1337 per kg, up by 1.83 per cent, after opening at Rs 1323, against the previous closing price of Rs 1313. It touched the intra-day high of Rs 1341.80(at 10:32 hours).
01/11/2017 10:24
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Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday amid pick-up in demand at domestic spot market and restricted supplies from producing regions.Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.
At the MCX, mentha oil futures for November 2017 contract was trading at Rs 1337 per kg, up by 1.83 per cent, after opening at Rs 1323, against the previous closing price of Rs 1313. It touched the intra-day high of Rs 1341.80(at 10:32 hours).
