Published on 27/03/2017 11:40:37 AM | Source: Dion Global Solutions Ltd.

Mentha oil futures little changed as demand picks up

Posted in Commodities| #Mentha oil #MCX #Commodity

Mentha oil futures were little changed during morning trade in the domestic market on Monday 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 a surge in physical demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on higher 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 974.60 per kg, up by 0.05 per cent, after opening at Rs 972, against the previous closing price of Rs 974.10. It touched the intra-day high of Rs 978 (at 10:51 hours).