Mentha oil futures gain on upsurge in physical demand 08/06/2017

Mentha oil futures gain on upsurge in physical demand
08/06/2017

Mentha oil futures were trading higher during morning trade in the domestic market on Thursday as investors and speculators exited their positions in the agri-commodity on upsurge 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 a rise 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 903.10 per kg, up by 0.24 per cent, after opening at Rs 903.10, against the previous closing price of Rs 900.90. It touched the intra-day high of Rs 905 (at 10:50 hours).

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