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31-Jul2017

Mentha oil futures trade higher on strong demand

Mentha oil futures traded higher on MCX as speculators raised bets on the back of strong demand from consuming industries in the spot market. Besides, tight stock position following a drop in arrivals from major producing belts of Chandausi in Uttar Pradesh too supported mentha oil prices.

The contract for July delivery was trading at Rs 1085.90, up by 3.99% or Rs 41.70 from its previous closing of Rs 1044.20. The open interest of the contract stood at 360 lots.

The contract for August delivery was trading at Rs 1095.70, up by 4% or Rs 42.10 from its previous closing of Rs 1053.60. The open interest of the contract stood at 3900 lots on MCX.


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