Mentha oil futures rise on pick-up in demand
07/11/2017 17:00
Mentha oil futures rise on pick-up in demand
07/11/2017 17:00
Mentha oil futures were trading higher during the evening trade in the domestic market on Tuesday 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 November 2017 contract was trading at Rs 1586.90 per kg, up by 4 per cent, after opening at Rs 1539.80, against the previous closing price of Rs 1525.90. It touched the intra-day high of Rs 1586.90(at 17:00 hours).
07/11/2017 17:00
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Mentha oil futures rise on pick-up in demand
07/11/2017 17:00
Mentha oil futures were trading higher during the evening trade in the domestic market on Tuesday 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 November 2017 contract was trading at Rs 1586.90 per kg, up by 4 per cent, after opening at Rs 1539.80, against the previous closing price of Rs 1525.90. It touched the intra-day high of Rs 1586.90(at 17:00 hours).
