Mentha oil futures edged higher on MCX as speculators built up fresh positions amid pick-up in demand from consuming industries at the domestic spot market. Moreover, restricted supplies from the producing belts of Chandausi also added support to menthe oil price's uptrend. The contract for August delivery was trading at Rs 1125.20, up by 1.35% or Rs 15.00 from its previous closing of Rs 1110.20. The open interest of the contract stood at 3438 lots.
The contract for September delivery was trading at Rs 1137.00, up by 1.33% or Rs 14.90 from its previous closing of Rs 1122.10. The open interest of the contract stood at 2087 lots on MCX.
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Mentha oil futures edged higher on MCX as speculators built up fresh positions amid pick-up in demand from consuming industries at the domestic spot market. Moreover, restricted supplies from the producing belts of Chandausi also added support to menthe oil price's uptrend. The contract for August delivery was trading at Rs 1125.20, up by 1.35% or Rs 15.00 from its previous closing of Rs 1110.20. The open interest of the contract stood at 3438 lots.
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