Mentha oil edges up by 0.2% on spot demand

Mentha oil prices edged up by Rs 1.50 to Rs 948.50 per quintal in futures today as speculators enlarged positions after pick up in demand in the spot market.

 

At the Multi Commodity Exchange, mentha oil for delivery in September edged up by Rs 1.50, or 0.16% to Rs 948.50 per kg in business turnover of 619 lots.

 

Likewise, the oil for delivery in October traded marginally higher by 20 paise, or 0.02% to Rs 962.60 per kg in 85 lots.

 

Market analysts said speculators enlarged their positions after pick up in demand in the spot market, mainly helped mentha oil prices to trade higher at futures trade.