Mentha oil futures were trading higher during the morning trade in the domestic market on Friday as participants indulged in building up of fresh positions in the agri-commodity amid a rise in physical demand from major consuming industries for mentha oil in the domestic spot market.
Further, an increase in demand for mentha oil futures was attributed to fresh positions build up by traders in the spot market, buoyed prices of mentha oil at futures trade. At the MCX, mentha oil futures for August 2016 contract were trading at Rs 909 per kg, up by 0.39 per cent after opening at Rs 905.10, against the previous closing price of Rs 905.50. It touched the intra-day high of Rs 910 .
Further, an increase in demand for mentha oil futures was attributed to fresh positions build up by traders in the spot market, buoyed prices of mentha oil at futures trade. At the MCX, mentha oil futures for August 2016 contract were trading at Rs 909 per kg, up by 0.39 per cent after opening at Rs 905.10, against the previous closing price of Rs 905.50. It touched the intra-day high of Rs 910 .
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