Mentha oil futures gain 0.80% on upsurge in demand
29/06/2017
Mentha oil futures surge nearly 0.80 per cent during morning trade in the domestic market on Thursday as investors and speculators indulged in building up fresh bets in the agri-commodity on 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 June 2017 contract is trading at Rs 884 per kg, up by 0.80 per cent, after opening at Rs 875, against the previous closing price of Rs 877. It touched the intra-day high of Rs 884 (at 10:41 hours).
29/06/2017
Mentha oil futures surge nearly 0.80 per cent during morning trade in the domestic market on Thursday as investors and speculators indulged in building up fresh bets in the agri-commodity on 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 June 2017 contract is trading at Rs 884 per kg, up by 0.80 per cent, after opening at Rs 875, against the previous closing price of Rs 877. It touched the intra-day high of Rs 884 (at 10:41 hours).
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