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Uptick in demand lifts mentha oil futures by 0.46%

Press Trust of India  |  New Delhi 

Mentha prices edged up by 0.46 per cent to Rs 926 per kg in futures trade today as speculators built fresh positions after pick-up in demand from consuming industries at the spot market.

At Multi Commodity Exchange, mentha for delivery in June contracts went up by Rs 4.20, or 0.46 per cent, to Rs 926 per kg in a business turnover of 221 lots.

Similarly, for July contracts edged higher by Rs 3.60, or 0.38 per cent, to Rs 939.70 per kg in 63 lots.

Market analysts said fresh positions created by traders due to surge in demand from consuming industries in the spot markets against restricted supplies from Chandausi pushed up the mentha oil prices.

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

First Published: Tue, June 20 2017. 11:42 IST