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21-Mar2018

Mentha oil futures trade higher on pick-up in demand

Mentha oil futures trade higher on MCX as speculators raised bets amid pick-up in demand from consuming industries in the domestic spot market. Further, tight stocks position on fall in supplies from Chandausi in Uttar Pradesh also supported mentha oil prices'.

The contract for March delivery was trading at Rs 1253.00, up by 1.42% or Rs 17.60 from its previous closing of Rs 1235.40. The open interest of the contract stood at 1007 lots.

The contract for April delivery was trading at Rs 1218.00, up by 0.73% or Rs 8.80 from its previous closing of Rs 1209.20. The open interest of the contract stood at 764 lots on MCX.


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