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Mentha oil futures climb 1.34% on spot market cues

Press Trust of India  |  New Delhi 

Mentha prices shot up by 1.34 per cent to Rs 1,311.90 per kg in the futures market today after participants raised bets, taking positive cues from spot market on pick up in demand from consuming industries.

At the Multi Commodity Exchange, mentha for delivery in May rose by Rs 17.30, or 1.34 per cent, to Rs 1,311.90 per kg in business turnover of 95 lots.

Likewise, the for delivery in June contracts traded higher by Rs 8.60, or 0.75 per cent, to Rs 1,162 per kg in 33 lots.

Marketmen said widening of positions by traders following pick up in demand from consuming industries in the physical market against restricted supplies from Chandausi pushed up mentha

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 18 2018. 11:00 IST