Mentha oil futures little changed as demand picks up 21/03/2017


Mentha oil futures little changed as demand picks up
21/03/2017 10:39
Mentha oil futures were little changed during morning trade in the domestic market on Tuesday as investors and speculators indulged in building up fresh bets in the agri-commodity amid 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 March 2017 contract is trading at Rs 995.20 per kg, up by 0.09 per cent, after opening at Rs 994.90, against the previous closing price of Rs 994.30. It touched the intra-day high of Rs 998 (at 10:41 hours)