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Mentha oil futures gain 0.56 pc as demand picks up

Press Trust of India  |  New Delhi 

Mentha prices moved up by 0.56 per cent to Rs 965 per kg in futures trading today as participants created fresh positions amid pick-up in demand from consuming industries at the spot market.

At the Multi Commodity Exchange, mentha for delivery in December rose by Rs 5.40, or 0.56 per cent, to Rs 965 per kg in a business turnover of 178 lots.

Likewise, the for delivery in January was trading higher by Rs 4.10, or 0.42 per cent to Rs 973.50 per kg in 15 lots.

Analysts said, fresh positions built up by speculators, driven by pick-up in demand from consuming industries in the spot markets against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 01 2016. 12:28 IST