Mentha Oil futures trade higher on rising demand

Mentha Oil futures traded up on MCX as speculators created fresh positions amid rising domestic demand against tight supplies from the major producing belts. However, expectations of higher output from the major producing belts, capped some gains in mentha oil prices to some extent. The contract for May delivery was trading at Rs 841.50, up by 0.59% or Rs 4.90 from its previous closing of Rs 836.60. The open interest of the contract stood at 2716 lots. The contract for June delivery was trading at Rs 854.00, up by 0.66% or Rs 5.60 from its previous closing of Rs 848.40. The open interest of the contract stood at 1628 lots on MCX.