Mentha oil futures up on increasing demand

ripples advisoryMentha oil futures were trading higher during the morning trade in the domestic market on Thursday amid pick-up in demand at domestic spot market and restricted supplies from producing regions. Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.

At the MCX mentha oil futures for July 2018 contract was trading at Rs 1555 per kg up by 1.62 per cent after opening at Rs 1564.20 against the previous closing price of Rs 1530.20. It touched the intra-day high of Rs 1564.20.

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