On
Tuesday Mentha oil futures were trading high during the morning trade in the
domestic market as participants extended their positions in the agri-commodity
amid uptick in physical demand for mentha oil from major consuming industries in
the domestic spot market.
Moreover,
building up of new positions by traders in the spot market led by an increase
in 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 Oct. 2016 contract were trading at Rs 894.50 per
kg, upward by 0.36 t after opening at Rs 893.30, against the last closing
price of Rs 891.30. It touched the intra-day higher of Rs 896.70.
