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16-Aug2016

Mentha oil futures edge marginally higher on rising demand

Mentha oil futures edged marginally higher on MCX as participants build up fresh positions, driven by rising demand from consuming industries at the spot market.

The contract for August delivery was trading at Rs 911.40, up by 0.60% or Rs 5.40 from its previous closing of Rs 906.00.The open interest of the contract stood at 5482 lots.

The contract for September delivery was trading at Rs 923.00, up by 0.53% or Rs 4.90 from its previous closing of Rs 918.10. The open interest of the contract stood at 2151 lots on MCX.


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