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18-Aug2016

Mentha oil futures edge marginally higher on rising demand

Mentha oil futures edged marginally higher on MCX as investors and speculators booked fresh positions amid a pickup in physical demand from major consuming industries in the domestic spot market. Further, restricted supplies amid lower physical arrivals from the major producing belts in the country also exerted upward pressure on mentha oil prices.

The contract for August delivery was trading at Rs 895.40, up by 0.31% or Rs 2.80 from its previous closing of Rs 892.60.The open interest of the contract stood at 5018 lots.

The contract for September delivery was trading at Rs 907.00, up by 0.34% or Rs 3.10 from its previous closing of Rs 903.90. The open interest of the contract stood at 2194 lots on MCX.


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