 "Mentha oil up by 1.9% on rising spot demand")
Mentha oil prices rose by Rs 18 to Rs 965 per kg in futures trade today as traders engaged in creating positions amid strong demand at spot markets.
Besides, restricted arrivals from Chandausi in Uttar Pradesh also influenced prices.
At the Multi Commodity Exchange, mentha oil for delivery in June rose Rs 18, or 1.90%, to Rs 965 per kg, with a trading volume of 287 lots.
Marketmen said besides restricted arrivals from growing regions, a firming trend at the spot markets on firm industrial and export demand, mainly influenced mentha oil prices at futures trade here.
Besides, restricted arrivals from Chandausi in Uttar Pradesh also influenced prices.
At the Multi Commodity Exchange, mentha oil for delivery in June rose Rs 18, or 1.90%, to Rs 965 per kg, with a trading volume of 287 lots.
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The prices for delivery in May also rose by Rs 14.80, or 1.58%, to Rs 948 per kg, with a business turnover of 734 lots.
Marketmen said besides restricted arrivals from growing regions, a firming trend at the spot markets on firm industrial and export demand, mainly influenced mentha oil prices at futures trade here.