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25-May2018

Mentha oil futures trade higher on rising demand

Mentha oil futures traded higher on MCX after participants raised bets, taking positive cues from spot market on rising 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 1335.00, up by 2.8% or Rs 36.40 from its previous closing of Rs 1298.60. The open interest of the contract stood at 903 lots.

The contract for June delivery was trading at 1159.00, up by 0.03% or Rs 0.30 from its previous closing of Rs 1158.70. The open interest of the contract stood at 814 lots on MCX.


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