Thursday 12 January 2017

Mentha oil futures up on rising spot demand

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Mentha oil futures were trading higher during morning trade in the domestic market on Friday as participants built up fresh positions amid rising demand from consuming industries at the spot market. 

Besides, tight stocks position following restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also added support to mentha oil prices uptrend.

At the MCX, mentha oil futures for January 2017 contract is trading at Rs 1034.20 per kg, up by 0.20 per cent, after opening at Rs 1034.20, against the previous closing price of Rs 1032.10. It touched the intra-day high of Rs 1035.50.

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