Mentha oil futures gain 4% on spot demand 09/07/2018

Mentha oil futures gain 4% on spot demand
09/07/2018


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Mentha oil futures gain 4% on spot demand
09/07/2018 14:08
Mentha oil futures were trading higher during the noon trade in the domestic market on Monday as participants increased their bets amid rise in demand from consuming industries at the spot market.

Marketmen said widening of positions by traders following pick up in demand from consuming industries in the physical market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.

At the MCX mentha oil futures for July 2018 contract was trading at Rs 1438.00 per kg up by 4 per cent after opening at Rs 1424.10 against the previous closing price of Rs 1382.70. It touched the intra-day high of Rs 1438.00 (at 14:10 hours).