 "Mentha oil gains 0.8% on pick-up in demand")
Mentha oil prices rose 0.77% to Rs 912 per kg in futures market today after traders created fresh positions amid pick-up in demand from consuming industries in spot markets.
At the Multi Commodity Exchange, mentha oil for delivery in February rose by Rs 7 or 0.77% to Rs 912 per kg, clocking a business volume of 142 lots.
The oil for March delivery traded higher by Rs 5.80 or 0.63% to Rs 922 per kg, with a trading volume of 18 lots.
Analysts said fresh positions built up by speculators on the back of a rise in demand from consuming industries in the spot markets against restricted supplies 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 rose by Rs 7 or 0.77% to Rs 912 per kg, clocking a business volume of 142 lots.
The oil for March delivery traded higher by Rs 5.80 or 0.63% to Rs 922 per kg, with a trading volume of 18 lots.
Analysts said fresh positions built up by speculators on the back of a rise in demand from consuming industries in the spot markets against restricted supplies from Chandausi in Uttar Pradesh led to rise in mentha oil prices at futures trade.