Mentha oil futures were trading higher during the morning trade in the domestic market on Tuesday as participants build up fresh positions in the agri-commodity amid spot physical demand for mentha oil from major consuming industries in the domestic spot market.Mentha oil on MCX settled up by 0.7% at 874.2 amid pickup in demand from consuming industries at domestic spot market. Besides, restricted supplies from major producing belts of Chandausi in Uttar Pradesh also added support to mentha oil prices uptrend.

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At the MCX, mentha oil futures for October 2016 contract were trading at Rs 881.80 per kg, up by 0.87 per cent after opening at Rs 881.90, against the previous closing price of Rs 874.20. It touched the intra-day high of Rs 886.20 

                     Trading Ideas  

• Menthaoil trading range for the day is 865.8-885.6.
• Mentha oil spot at Sambhal closed at 1012.20 per 1kg. Spot prices is up by Rs.13.60/-.
• Mentha oil prices gained amid pickup in demand from consuming industries at domestic spot market.
• Besides, restricted supplies from major producing belts of Chandausi in Uttar Pradesh also added support to mentha oil prices uptrend.