Mentha oil futures surge 0.50% on spot demand 20/06/2017

Mentha oil futures surge 0.50% on spot demand
20/06/2017

Mentha oil futures were trading higher during morning trade in the domestic market on Tuesday as investors and speculators extended their positions in the agri-commodity on rise in physical demand for mentha oil from major consuming industries in the domestic spot market. Further, widening of bets by traders in the spot market was led by a surge 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 June 2017 contract is trading at Rs 926.40 per kg, up by 0.50 per cent, after opening at Rs 923.30, against the previous closing price of Rs 921.80. It touched the intra-day high of Rs 927.50 (at 10:08 hours).

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