Mentha oil futures gain as demand picks up

Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday as speculators raised bets amid pick-up in demand from consuming industries in the domestic spot market. Widening of positions by speculators due to rising demand from consuming industries in the physical markets supported the buying spree.

At the MCX, mentha oil futures for July 2019 contract is trading at Rs 1228.80 per kg, up by 0.74 per cent, after opening at Rs 1221.10, against a previous close of Rs 1219.80. It touched the intra-day high of Rs 1231.30.

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