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08-Aug2018

Mentha oil futures trade higher on pick-up in demand

Mentha oil futures traded higher on MCX, as participants raised their bets on pick-up in demand from consuming industries at the spot market. Besides, tight stocks position on restricted supplies from major growing regions of Chandausi in Uttar Pradesh also supported mentha oil prices.

The contract for August delivery was trading at Rs 1558.00, up by 0.4% or Rs 6.20 from its previous closing of Rs 1551.80. The open interest of the contract stood at 1453 lots.

The contract for September delivery was trading at Rs 1603.00, up by 0.36% or Rs 5.70 from its previous closing of Rs 1597.30. The open interest of the contract stood at 569 lots on MCX.


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