 "Mentha oil up 0.9% on pick-up in industrial demand")
Mentha oil prices moved up by Rs 9.90 to Rs 1,010 per kg in futures trade today as speculators created fresh positions, supported by pick-up in industrial demand in the spot market against limited arrivals from producing belt.
At the Multi Commodity Exchange, mentha oil for delivery in June moved up by Rs 9.90, or 0.99%, to Rs 1,010 per kg in business turnover of 516 lots.
Similarly, mentha oil for delivery in the July contract traded higher by Rs 8.90, or 0.98%, to Rs 1,023.40 per kg in 185 lots.
Market analysts said fresh positions built up by speculators, supported by pick-up in industrial demand in the spot market against restricted arrivals from Chandausi in Uttar Pradesh mainly helped mentha oil prices to trade higher at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in June moved up by Rs 9.90, or 0.99%, to Rs 1,010 per kg in business turnover of 516 lots.
Similarly, mentha oil for delivery in the July contract traded higher by Rs 8.90, or 0.98%, to Rs 1,023.40 per kg in 185 lots.
Market analysts said fresh positions built up by speculators, supported by pick-up in industrial demand in the spot market against restricted arrivals from Chandausi in Uttar Pradesh mainly helped mentha oil prices to trade higher at futures trade.
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