You are here: Home » PTI Stories » National » News
Business Standard

Mentha oil prices up 0.96% on surging demand

Press Trust of India  |  New Delhi 

Mentha prices were up 0.96 per cent to Rs 969.90 per kg in futures market today as speculators enlarged their positions due to pick up in demand from consuming industries in the domestic spot market.

Furthermore, tight stock position following restricted arrivals from major producing belts of Chandausi in also supported mentha prices uptrend.

At the Multi Commodity Exchange, mentha for delivery this month rose by Rs 9.30, or 0.96 per cent, to Rs 969.90 per kg, clocking a business volume of 276 lots.

The for August delivery traded higher by Rs 7.10, or 0.72 per cent, to Rs 980 per kg, with a trading volume of 84 lots.

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

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

First Published: Mon, July 17 2017. 13:22 IST