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18-May2018

Mentha oil futures edge higher on pickup in demand

Mentha oil futures edged higher on MCX after participants raised bets, taking positive cues from spot market on pickup in demand from consuming industries. Further, restricted supplies from the major producing belts of Chandausi in Uttar Pradesh too supported mentha oil prices' uptrend.

The contract for May delivery was trading at Rs 1314.70, up by 1.55% or Rs 20.10 from its previous closing of Rs 1294.60. The open interest of the contract stood at 908 lots.

The contract for June delivery was trading at 1172.50, up by 1.66% or Rs 19.10 from its previous closing of Rs 1153.40. The open interest of the contract stood at 714 lots on MCX.


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