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24-May2018

Mentha oil futures trade higher on pickup in demand

Mentha oil futures traded higher on MCX after participants raised bets, taking positive cues from spot market on pickup in demand from consuming industries. 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 1283.00, up by 2.71% or Rs 33.90 from its previous closing of Rs 1249.10. The open interest of the contract stood at 1005 lots.

The contract for June delivery was trading at 1156.00, up by 1.06% or Rs 12.10 from its previous closing of Rs 1143.90. The open interest of the contract stood at 805 lots on MCX.


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