Mentha oil futures up on spot demand 24/07/2017

Mentha oil futures up on spot demand
24/07/2017

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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 July 2017 contract is trading at Rs 989 per kg, up by 1.36 per cent, after opening at Rs 982, against the previous closing price of Rs 975.70. It touched the intra-day high of Rs 990.90 (at 11:30 hours).


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