Indian Stock Market Tips|Mentha oil futures rule high
Mentha oil prices went up in the futures market on Wednesday.
MCX Mentha futures firmed up by Rs 10.80, or 0.70 percent, at Rs 1,562.60 at around 10.44 am.
"Mentha oil futures (August) may take support near Rs 1,525 levels and trade with an upside bias," said SMC Global Securities in its daily report.
"Mentha oil prices moved higher in key markets of Uttar Pradesh on lower supply against rising demand. Besides, farmers are holding back produce, expecting more gains ahead. There could also be chances of crop damage to a certain extent due to unfavorable weather conditions," the report added.
Extracted from the herb Mentha arvensis through distillation, mentha oil is one of the important essential oils and is widely used in food and flavors.
This week's best Offer in Stock Cash clicks here or see Indian Stock Market Tips, Live Call, our Demo call benefits, services.
0 comments
Note: only a member of this blog may post a comment.