Mentha oil futures were trading higher during the noon trade in the domestic market on Monday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for mentha oil from major consuming industries.
Further, strong demand from industries in spot market against tight stocks position restricted arrivals from producing belts, supported the uptrend in Mentha oil futures. At MCX, Mentha oil futures for July 2016 contract, were trading at Rs 893.50 per kg, up by 1.83 per cent after opening at Rs. 844.50, against the previous closing price of Rs 877.40. It touched the intra-day high of Rs 896 (at 11:49 hours).
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