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Mentha oil futures gain 1.33% on spot demand

Press Trust of India  |  New Delhi 

Mentha prices climbed 1.33 per cent to Rs 1,138 per kg in futures market today after participants raised bets amid rise in demand from consuming industries at the spot market against restricted arrivals from producing regions.

At the Multi Commodity Exchange, mentha for delivery this month's contract was higher by Rs 15, or 1.33 per cent, at Rs 1,138 per kg with a business volume of 321 lots.

The for July delivery was trading higher by Rs 12.10, or 1.07 per cent, to Rs 1,147 per kg with a trading volume of 89 lots.

Marketmen said raising of bets by speculators, driven by surging demand from consuming industries at the spot market 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: Wed, June 13 2018. 12:10 IST
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