Mentha oil futures rise on increasing demand
Mentha oil futures rose on MCX as speculators enlarged their positions due to increasing demand from pharmaceutical industry. Moreover, tight stocks position following restricted arrivals from major producing belts also supported sentiments.
The contract for January delivery was trading at Rs 989.00 up by 0.83% or Rs 8.10 from its previous closing of Rs 980.90. The open interest of the contract stood at 431 lots.
The contract for February delivery was trading at Rs 1000.10 up by 0.37% or Rs 3.70 from its previous closing of Rs 996.40. The open interest of the contract stood at 91 lots on MCX.
