Mentha oil up more than 1% on strong spot demand
Prices went up as traders created fresh positions
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Mentha oil futures for April gained Rs 13.90, or 1.23%, to Rs 1,143.10 per kg in 189 lots.
At the Multi Commodity Exchange (MCX), the March contract edged up by Rs 12.80, or 1.13%, to Rs 1,137.60 per kg in 634 lots.
Prices went up as traders created fresh positions, driven by pick-up in spot market demand.
Rising demand from exports supported the upside.
Restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha oil futures trade here.
At the Multi Commodity Exchange (MCX), the March contract edged up by Rs 12.80, or 1.13%, to Rs 1,137.60 per kg in 634 lots.
Prices went up as traders created fresh positions, driven by pick-up in spot market demand.
Rising demand from exports supported the upside.
Restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha oil futures trade here.
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First Published: Mar 21 2013 | 2:38 PM IST