Mentha oil futures rise on surging demand
22/09/2017
Mentha oil futures were trading higher during the morning trade in the domestic market on Friday amid pick-up in demand at domestic spot market and restricted supplies from producing regions.
Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.At the MCX, mentha oil futures for September 2017 contract was trading at Rs 1176 per kg, up by 0.33 per cent, after opening at Rs 1175.50, against the previous closing price of Rs 1172.10. It touched the intra-day high of Rs 1178.40 (at 11:08 hours).
22/09/2017
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Mentha oil futures were trading higher during the morning trade in the domestic market on Friday amid pick-up in demand at domestic spot market and restricted supplies from producing regions.
Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.At the MCX, mentha oil futures for September 2017 contract was trading at Rs 1176 per kg, up by 0.33 per cent, after opening at Rs 1175.50, against the previous closing price of Rs 1172.10. It touched the intra-day high of Rs 1178.40 (at 11:08 hours).
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