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Published on 12/07/2018 3:20:35 PM | Source: Dion Global Solutions Ltd.

Mentha oil futures gain 3.83% on spot demand

Posted in Commodities| #Mentha oil #MCX #Commodity

Mentha oil futures were trading higher during the noon trade in the domestic market on Thursday as participants increased their bets amid rise in demand from consuming industries at the spot market. Marketmen said widening of positions by traders following pick up in demand from consuming industries in the physical market, led to the rise in mentha oil prices in futures trade.

At the MCX mentha oil futures for July 2018 contract was trading at Rs 1578.80 per kg up by 3.83 per cent after opening at Rs 1539.9 against the previous closing price of Rs 1520.50. It touched the intra-day high of Rs 1580.0 (at 14:50 hours).