Mentha oil futures up on increasing demand
22/03/2018
Mentha oil futures up on increasing demand
22/03/2018 15:07
Mentha oil futures were trading higher during the afternoon trade in the domestic market on Thursday 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 March 2018 contract was trading at Rs 1325 per kg, up by 3.68 per cent, after opening at Rs 1277.10, against the previous closing price of Rs 1278. It touched the intra-day high of Rs 1328.10(at 15:16 hours).
22/03/2018
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Mentha oil futures up on increasing demand
22/03/2018 15:07
Mentha oil futures were trading higher during the afternoon trade in the domestic market on Thursday 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 March 2018 contract was trading at Rs 1325 per kg, up by 3.68 per cent, after opening at Rs 1277.10, against the previous closing price of Rs 1278. It touched the intra-day high of Rs 1328.10(at 15:16 hours).
