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Mentha oil up 1.53 pc on spot demand

Press Trust of India  |  New Delhi 

Mentha prices were trading higher by 1.53 per cent to Rs 1,974.80 per kg in futures market today after participants raised bets on rise in demand from consuming industries at the spot market against restricted arrivals from producing regions.

In futures trading at the Multi Commodity Exchange, mentha for delivery in January rose Rs 29.80, or 1.53 per cent, to Rs 1,974.80 per kg, clocking a business volume of 54 lots.


The for current month delivery traded higher by Rs 26, or 1.35 per cent to Rs 1,949.20 per kg, with a trading volume of 392 lots.

Marketmen said raising of bets by speculators, driven by surging demand from consuming industries at 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, December 04 2017. 12:05 IST
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