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06-Oct2017

Mentha oil futures trade marginally higher on increased demand

Mentha oil futures traded marginally higher on MCX as speculators engaged in enlarging their positions, taking positive cues from spot market on increased demand from consuming industries. Further, restricted supplies from major producing regions Chandausi in Uttar Pradesh too supported mentha oil prices' uptrend.

The contract for October delivery was trading at Rs 1222.00, up by 0.07% or Rs 0.80 from its previous closing of Rs 1221.20. The open interest of the contract stood at 2562 lots.

The contract for November delivery was trading at Rs 1234.50, up by 0.06% or Rs 0.80 from its previous closing of Rs 1233.70. The open interest of the contract stood at 1502 lots on MCX.


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