 "Mentha oil up 0.8% on pick up in demand")
Mentha oil gained 0.85% to Rs 677.10 per kg in futures trade today as speculators indulged in creating fresh positions, supported by pick up in industrial demand in the spot market.
Tight stocks position in the physical market on restricted arrivals from Chandausi in Uttar Pradesh further fuelled the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in October rose by Rs 5.70, or 0.85% to Rs 677.10 per kg in business turnover of 286 lots.
Analysts said besides increased demand from consuming industries in the spot market, restricted arrivals from producing regions mainly led to the rise in mentha oil prices at futures trade.
Tight stocks position in the physical market on restricted arrivals from Chandausi in Uttar Pradesh further fuelled the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in October rose by Rs 5.70, or 0.85% to Rs 677.10 per kg in business turnover of 286 lots.
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Similarly, the oil for delivery in September contracts moved up by Rs 4.20, or 0.63% to Rs 668.50 per kg in 83 lots.
Analysts said besides increased demand from consuming industries in the spot market, restricted arrivals from producing regions mainly led to the rise in mentha oil prices at futures trade.