Published on 2/08/2019 3:17:11 PM | Source: Dion Global Solutions Ltd

Mentha oil futures gain on upbeat demand

Posted in Commodity Top News| #Mentha oil #Commodity

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Mentha oil futures were trading higher during the afternoon trade in the domestic market on Friday on an uptick in demand by consuming industries at spot markets. Speculators raised positions in mentha oil futures as demand from consuming industries climbed amid limited supplies from key producing regions.

At the MCX, mentha oil futures for August 2019 contract is trading at Rs 1262.40 per kg, up by 0.03 per cent, after opening at Rs 1252.80, against a previous close of Rs 1262.00. It touched the intra-day high of Rs 1266.00 (at 14:55 hours).