Mentha oil futures gain on upsurge in physical demand.

Mentha oil futures gain on upsurge in physical demand
18/04/2017

Mentha oil futures were trading higher during morning trade in the domestic market on Tuesday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, widening of positions by traders in the spot market was led by an increase in physical demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions, supported mentha oil prices at futures trade.
At the MCX, mentha oil futures for April 2017 contract is trading at Rs 969.30 per kg, up by 0.22 per cent, after opening at Rs 964.60, against the previous closing price of Rs 967.20. It touched the intra-day high of Rs 970 (at 10:54 hours).

*******************************************************************************
TODAY OTHER POSTINGS - Click the below link
********************************************************************************
Click Here  & Register for Commodity Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040

Click Here  & Register for Commodity Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040

Posted by