 "Mentha oil gains by 0.5% on strong demand")
Amid strong demand from consuming industries and lower arrivals from producing regions, mentha oil prices rose 0.51% to Rs 792.90 per kg in futures trading today as speculators enlarged positions.
At the Multi Commodity Exchange, mentha oil for delivery in February moved up by Rs 4, or 0.51% to Rs 792.90 per kg in business turnover of 260 lots.
Similarly, the oil for delivery in March gained Rs 2.80, or 0.35% to Rs 802 per kg in 76 lots.
Analysts said apart from strong demand from consuming industries in the spot market, restricted arrivals from from Chandausi in Uttar Pradesh, led to rise in mentha oil prices at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in February moved up by Rs 4, or 0.51% to Rs 792.90 per kg in business turnover of 260 lots.
Similarly, the oil for delivery in March gained Rs 2.80, or 0.35% to Rs 802 per kg in 76 lots.
Analysts said apart from strong demand from consuming industries in the spot market, restricted arrivals from from Chandausi in Uttar Pradesh, led to rise in mentha oil prices at futures trade.
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