Mentha oil futures rise 0.39% as demand ticks up
21/04/2017
Mentha oil futures were trading higher during morning trade in the domestic market on Friday as investors and speculators extended their positions in the agri-commodity amid uptick 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 948.20 per kg, up by 0.39 per cent, after opening at Rs 946.10, against the previous closing price of Rs 944.50. It touched the intra-day high of Rs 951.90 (at 10:50 hours)
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21/04/2017
Mentha oil futures were trading higher during morning trade in the domestic market on Friday as investors and speculators extended their positions in the agri-commodity amid uptick 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 948.20 per kg, up by 0.39 per cent, after opening at Rs 946.10, against the previous closing price of Rs 944.50. It touched the intra-day high of Rs 951.90 (at 10:50 hours)
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