Mentha Oil Surges On Upbeat Physical Demand

Mentha oil futures rose during evening trade in the domestic market on Friday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in the physical demand for mentha oil in the domestic spot market.

Further, restricted physical arrivals amid lower supplies from the major mentha oil producing regions in the country also exerted upward pressure on domestic mentha oil prices.

At the MCX, mentha oil futures for November 2016 contract were trading at Rs 959 per kg, up by 3 per cent after opening at Rs 932, against the previous closing price of Rs 931.10. It touched the intra-day high of Rs 959 .

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