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09-Apr2019

Mentha oil futures trade higher on rising demand

Mentha oil futures traded higher on MCX, fuelled by a rise in demand by the consuming industries at the domestic spot market. However, expectations of higher output this season due to favourable weather condition and higher returns over the past few years, capped some gains.

The contract for April delivery was trading at Rs 1504.10, up by 0.89% or Rs 13.30 from its previous closing of Rs 1490.80. The open interest of the contract stood at 632 lots.

The contract for May delivery was trading at Rs 1371.00, up by 1.21% or Rs 16.40 from its previous closing of Rs 1354.60. The open interest of the contract stood at 180 lots on MCX.


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