Uptick in physical demand buoys mentha oil futures
28/06/2017
Mentha oil futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators build up fresh positions in the agri-commodity on uptick in physical demand for mentha oil from major consuming industries in the domestic spot market.Further, widening of bets 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 890.30 per kg, up by 0.26 per cent, after opening at Rs 889, against the previous closing price of Rs 888. It touched the intra-day high of Rs 892.50 (at 10:33 hours).
28/06/2017
Mentha oil futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators build up fresh positions in the agri-commodity on uptick in physical demand for mentha oil from major consuming industries in the domestic spot market.Further, widening of bets 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 890.30 per kg, up by 0.26 per cent, after opening at Rs 889, against the previous closing price of Rs 888. It touched the intra-day high of Rs 892.50 (at 10:33 hours).
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