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16-May2018

Mentha oil futures edge higher on rising demand

Mentha oil futures edged higher on MCX after participants raised bets on rise in demand from the consuming industries at the spot market. 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 1317.00, up by 0.94% or Rs 12.20 from its previous closing of Rs 1304.80. The open interest of the contract stood at 895 lots.

The contract for June delivery was trading at 1173.90, up by 0.47% or Rs 5.50 from its previous closing of Rs 1168.40. The open interest of the contract stood at 593 lots on MCX.


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