Mentha oil futures marginally rise on strong domestic demand
Mentha oil futures marginally rose on MCX as speculators built up their positions due to strong demand at domestic spot markets. Besides, tight stocks position following restricted arrivals from major producing belts, also supported mentha oil prices’ up-move.
The contract for December delivery was trading at Rs 918.20 up by 0.79% or Rs 7.20 from its previous closing of Rs 911.00. The open interest of the contract stood at 412 lots.
The contract for January delivery was trading at Rs 932.10 up by 1.12% or Rs 10.30 from its previous closing of Rs 921.80. The open interest of the contract stood at 88 lots on MCX.
