Mentha oil futures rise 0.27% as demand picks up 17/03/2017 10:42

Mentha oil futures rise 0.27% as demand picks up
17/03/2017 10:42
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Mentha oil futures were trading higher during morning trade in the domestic market on Friday as participants build up fresh positions in the agri-commodity amid rise in physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, widening of positions by traders in the spot market was led by an increase in physical demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions, supported mentha oil prices at futures trade.
At the MCX, mentha oil futures for March 2017 contract is trading at Rs 1007 per kg, up by 0.27 per cent after opening at Rs 1007.70, against the previous closing price of Rs 1004.30. It touched the intra-day high of Rs 1008.80 (at 10:42 hours).
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