Mentha oil Futures Gain as Demand Picks up

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Mentha oil futures were trading higher during the morning trade in the domestic market on Tuesday as participants extended their positions in the agri-commodity amid uptick in physical demand for mentha oil from major consuming industries in the domestic spot market.

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Further, building up of frash positions by traders in the spot market led by an increase in 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 October 2016 contract were trading at Rs 894.50 per kg, up by 0.36 per cent after opening at Rs 893.30, against the previous closing price of Rs 891.30. It touched the intra-day high of Rs 896.70


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