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Mentha oil futures rise 1.37 pc on pick-up in demand

Press Trust of India  |  New Delhi 

Mentha prices rose 1.37 per cent to Rs 1,318 per kg in futures market today as speculators raised bets amid pick-up in demand from consuming industries in the domestic spot market.

Besides, tight stocks position on restricted supplies from growing regions of Chandausi in Uttar Pradesh, supported the uptrend in mentha prices.

At the Multi Commodity Exchange, mentha for delivery in May rose Rs 17.80, or 1.37 per cent, to Rs 1,318 per kg, clocking a business volume of 163 lots.

The oil for current month delivery traded up Rs 11.20, or 0.78 per cent higher at Rs 1,430 per kg, with a trading volume of 197 lots.

Marketmen said, raising of bets by speculators, driven by rising demand from consuming industries at the spot market against restricted supplies from Chandausi, led to the rise in mentha

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

First Published: Fri, April 13 2018. 13:40 IST