Mentha oil futures up on rising demand
29/01/2018
Mentha oil futures up on rising demand
29/01/2018 11:04
Mentha oil futures were trading higher during the morning trade in the domestic market on Monday 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 January 2018 contract was trading at Rs 1522 per kg, up by 1.12 per cent, after opening at Rs 1518, against the previous closing price of Rs 1505.20. It touched the intra-day high of Rs 1529(at 11:14 hours).
29/01/2018
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Mentha oil futures up on rising demand
29/01/2018 11:04
Mentha oil futures were trading higher during the morning trade in the domestic market on Monday 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 January 2018 contract was trading at Rs 1522 per kg, up by 1.12 per cent, after opening at Rs 1518, against the previous closing price of Rs 1505.20. It touched the intra-day high of Rs 1529(at 11:14 hours).
