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Mentha oil futures gain 2.10% on spot demand

Press Trust of India  |  New Delhi 

prices climbed 2.10 per cent to Rs 1,411.80 per kg in futures market today as participants increased their bets amid rise in demand from consuming industries at the spot market.

Besides, tight stocks position on restricted supplies from growing regions of Chandausi in also supported the upside in prices.

At the Multi Commodity Exchange, for delivery in month's contract was higher by Rs 29.10, or 2.10 per cent, at Rs 1,411.80 per kg with a business volume of 727 lots.

The oil for August delivery was also up by Rs 28.70, or 2.05 per cent, to Rs 1,430 per kg with a trading volume of 179 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, 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, July 09 2018. 11:45 IST