CAPITALSTARS WEDNESDAY MENTHA OIL AGRI MARKET NEWS UPDATE

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Upsurge in demand lifts mentha oil by 0.59%

Mentha oil futures were trading higher during the noon trade in the domestic market on Wednesday after participants raised their bets on uptick in demand from consuming industries at the spot market against restricted supplies from producing belts. Marketmen said widening of positions by speculators, driven by rising demand from consuming industries at the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.

MCX mentha oil futures for October 2018 contract was trading at Rs 1718.50 per kg up by 0.59 per cent after opening at Rs 1714.90 against the previous closing price of Rs 1708.40. It touched the intra-day high of Rs 1719.3 

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