Mentha oil futures edged higher on MCX as speculators enlarged their positions amid rising demand from consuming industries in the spot market. Besides, tight supplies in physical markets on restricted arrivals from producing belts too supported mentha oil prices’ uptrend.
The contract for October delivery was trading at Rs 675.90, up by 0.67% or Rs 4.50 from its previous closing of Rs 671.40. The open interest of the contract stood at 1730 lots.
The contract for November delivery was trading at Rs 686.70, up by 0.53% or Rs 3.60 from its previous closing of Rs 683.10. The open interest of the contract stood at 9181 lots on MCX.
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