Mentha Oil futures traded up on MCX as speculators enlarged their positions driven by pick-up in spot demand from consuming industries against tight arrivals from the major producing belts. Further, weak sowing progress in local mandies along with strong export demand too supported mentha oil prices uptrend.
The contract for May delivery was trading at Rs 848.00, up by 0.18% or Rs 1.50 from its previous closing of Rs 846.50. The open interest of the contract stood at 3501 lots.
The contract for June delivery was trading at Rs 857.90, up by 0.32% or Rs 2.70 from its previous closing of Rs 855.20. The open interest of the contract stood at 1040 lots on MCX.
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