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Uptick in demand lifts mentha oil futures by 0.12%

Press Trust of India  |  New Delhi 

Amid pick up in domestic demand against restricted supplies from producing belts, mentha prices were up 0.12 per cent to Rs 1,014.50 per kg in futures trading today as participants created fresh positions.

At the Multi Commodity Exchange, mentha for delivery in April month went up by Rs 1.20, or 0.12 per cent to Rs 1,014.50 per kg in business turnover of 30 lots.

Likewise, the for delivery in March contracts edged higher by 60 paise, or 0.06 per cent, to Rs 1,004.50 per kg in 121 lots.

Traders attributed the rise in mentha oil prices to fresh positions built up by traders due to pick up in demand from consuming industries in the spot markets against restricted supplies from Chandausi in Uttar Pradesh.

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

First Published: Thu, March 16 2017. 12:28 IST