Mentha oil futures trade higher on firm demand
Mentha oil futures traded higher on MCX as speculators built up their positions due to firm demand at domestic spot markets. Besides, tight stocks position following restricted arrivals from major producing belts also supported mentha oil prices’ up-side move.
The contract for December delivery was trading at Rs 908.00 up by 0.44% or Rs 4.00 from its previous closing of Rs 904.00. The open interest of the contract stood at 514 lots.
The contract for January delivery was trading at Rs 919.00 up by 0.44% or Rs 4.00 from its previous closing of Rs 915.00. The open interest of the contract stood at 8 lots on MCX.
