Spot demand lifts mentha oil futures by 0.43%

Mentha oil prices were up by 0.43 per cent to Rs 944.90 per kg in futures trade today after participants enlarged positions, supported by firming trend at the spot market on pick-up in demand from consuming industries.
Further, tight stocks position following restricted arrivals from Chandausi in Uttar Pradesh in the physical market supported the upside in mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in February gained Rs 4.10, or 0.43 per cent, to Rs 944.90 per kg, with a trading volume of 389 lots.
Similarly, the oil for delivery in March edged up by Rs 3.50, or 0.36 per cent, to Rs 956.70 per kg, with a business turnover of 485 lots.

Marketmen said a firming trend at the spot market amid restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha oil prices at the futures trade.