 "Tight supply lifts mentha oil by 0.71%")
Mentha oil prices were up 0.71 per cent to Rs 895.50 per kg in futures market today as speculators built up fresh positions, triggered by tight supplies from producing regions amid pick-up in demand from consuming industries.
At the Multi Commodity Exchange, mentha oil for delivery in November moved up Rs 6.30, or 0.71 per cent, to Rs 895.50 per kg in a business turnover of 363 lots.
The October contract traded higher by Rs 6, or 0.68 per cent, to Rs 883.60 per kg in 589 lots.
Analysts said fresh positions built up by traders, driven by tight supplies from producing belts in the physical market, against pick-up in demand from consuming industries mainly led to rise in mentha oil prices in futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in November moved up Rs 6.30, or 0.71 per cent, to Rs 895.50 per kg in a business turnover of 363 lots.
The October contract traded higher by Rs 6, or 0.68 per cent, to Rs 883.60 per kg in 589 lots.
Analysts said fresh positions built up by traders, driven by tight supplies from producing belts in the physical market, against pick-up in demand from consuming industries mainly led to rise in mentha oil prices in futures trade.
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