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Mentha oil futures gain 0.99% as demand picks up

Press Trust of India  |  New Delhi 

Mentha prices were up by 0.99 per cent to Rs 1,652 per kg in futures market Monday as speculators raised bets amid pick-up in demand from consuming industries in the domestic spot market.

Further, tight stocks position on fall in supplies from Chandausi in influenced mentha prices.

At the Multi Commodity Exchange, mentha for delivery in March went up by Rs 16.20, or 0.99 per cent to Rs 1,652 per kg in business turnover of 183 lots.

Marketmen said widening of positions by speculators due to rising demand from consuming industries in the physical markets against restricted supplies from Chandausi, led to the rise in mentha in futures trade.

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

First Published: Mon, March 11 2019. 11:00 IST
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