Tuesday, October 4, 2016

Mentha oil futures jump 0.87% on spot demand

Mentha oil futures were trading high during the morning trade in the domestic market on Tuesday as participants build up new positions in the agri-commodity amid spot physical demand for mentha oil from major consuming industries in the domestic spot market.

Moreover, building up of fresh positions by traders in the spot market due to a rise in demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from growing divisions, supported mentha oil prices at futures trade.

At the MCX, mentha oil futures for October 2016 contract were trading at Rs 881.80 per kg, up by 0.87 % after opening at Rs 881.90, against the last closing price of Rs 874.20. It touched the intra-day higher of Rs 886.20.

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