 "Mentha oil up 0.6% as demand picks up")
Mentha oil prices were up by 0.61% to Rs 762.40 per kg in futures trade today mostly on the back of pick up in demand from consuming industries in the spot markets.
At the Multi Commodity Exchange, mentha oil for delivery in February rose by Rs 4.60, or 0.61% to Rs 762.40 per kg in business turnover of 267 lots.
Likewise, the oil for delivery in January contracts edged up by Rs 4.50, or 0.60% to Rs 751.80 per kg in 892 lots.
Analysts said fresh positions built up by speculators largely on rising demand in the spot markets amidst restricted arrivals from Chandausi in Uttar Pradesh mainly helped mentha oil prices to rise at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in February rose by Rs 4.60, or 0.61% to Rs 762.40 per kg in business turnover of 267 lots.
Likewise, the oil for delivery in January contracts edged up by Rs 4.50, or 0.60% to Rs 751.80 per kg in 892 lots.
Analysts said fresh positions built up by speculators largely on rising demand in the spot markets amidst restricted arrivals from Chandausi in Uttar Pradesh mainly helped mentha oil prices to rise at futures trade.
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