Mentha oil futures up on rising demand

Mentha oil futures were trading higher during the morning trade in the domestic market on Friday amid pick-up in demand at domestic spot market and restricted supplies from producing regions. Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.

At the MCX, mentha oil futures for September 2017 contract was trading at Rs 1206.40 per kg, up by 0.07 per cent, after opening at Rs 1205.60, against the previous closing price of Rs 1205.50. It touched the intra-day high of Rs 1211.60.

                       Trading Ideas

1.  Menthaoil trading range for the day is 1165-1230.2.
2.  Mentha oil spot at Sambhal closed at 1351.20 per 1kg. Spot prices was up by Rs.10.00/-.
3.  Mentha oil ended with gains amid pick-up in demand from consuming industries at domestic spot market.