Mentha oil futures climbed during noon trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for mentha oil from the major consuming industries in the domestic spot market.

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

At the MCX, mentha oil futures for August 2016 contract were trading at Rs 887.5 per kg, up by 0.57 % after opening at Rs 880.50, against the previous closing price of Rs 882.50. It touched the intra-day high of Rs 889.2
 

                  Trading Ideas  

• Menthaoil trading range for the day is 875.8-891.2.        

• Mentha oil spot at Sambhal closed at 1036.50 per 1kg. Spot prices is up by Rs.3.00/-.     

• Mentha oil prices ended with losses amid muted physical demand from major consuming industries in the domestic spot market.               

• Markets had remained weak for quite sometime from lack of demand amidst reports of higher sowing activities.    

   

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