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Mentha oil futures gain 0.37 pc on spot demand

Press Trust of India  |  New Delhi 

Mentha prices edged up by 0.37 per cent to Rs 1,229.60 per kg in futures market today as speculators created fresh positions, taking positive cues from spot market on pick-up in demand from consuming industries.

At the Multi Commodity Exchange, mentha for delivery in November rose by Rs 4.50, or 0.37 per cent, to Rs 1,229.60 per kg in a business turnover of 34 lots.

Similarly, the for delivery in October traded higher by Rs 4.40, or 0.36 per cent, to Rs 1,216 per kg in 141 lots.

Analysts said fresh position built up by participants after upsurge in demand from consuming industries in the physical market, mainly influenced mentha oil prices at futures trade.

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

First Published: Mon, October 09 2017. 11:07 IST