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20-Sep2017

Mentha oil futures trade marginally higher on pick-up in demand

Mentha oil futures traded marginally higher on MCX as traders built up fresh positions following pick-up in demand from consuming industries in the spot market. Further, restricted supplies from major producing belts of Chandausi in Uttar Pradesh, too supported mentha oil prices.

The contract for September delivery was trading at Rs 1171.00, up by 0.32% or Rs 3.70 from its previous closing of Rs 1167.30. The open interest of the contract stood at 2481 lots.

The contract for October delivery was trading at Rs 1186.00, up by 0.36% or Rs 4.20 from its previous closing of Rs 1181.80. The open interest of the contract stood at 1650 lots on MCX.


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