Mentha Oil futures traded up on MCX as speculators created fresh positions driven by firming trend at spot market on strong demand from consuming industries against lower arrivals 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 832.50, up by 0.41% or Rs 3.40 from its previous closing of Rs 829.10. The open interest of the contract stood at 1301 lots.
The contract for June delivery was trading at Rs 844.00, up by 0.36% or Rs 3.00 from its previous closing of Rs 841.00. The open interest of the contract stood at 2723 lots on MCX.
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