Tuesday, October 25, 2016

Mentha oil futures gain in market today

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.