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Mentha oil futures rose over 2% during morning trade in the domestic market on Wednesday as investors and speculators indulged in building up fresh positions in the agri-commodity amid rise in physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, widening of positions by traders in the spot market was led by increase in physical demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions, supported mentha oil prices at futures trade. At the MCX, mentha oil futures for December 2016 contract is trading at Rs 1023.90 per kg, up by 2.04 %, after opening at Rs 1,009, against the previous closing price of Rs 1,003.40. It touched the intra-day high of Rs 1,025.50.
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