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Mentha oil futures up 0.65% on pick up in spot demand

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Press Trust of India New Delhi
Mentha oil futures prices today rose by 0.65 per cent to Rs 831.30 per kg after traders created fresh positions, driven by pick-up in domestic as well as export demand.

At the Multi Commodity Exchange, mentha oil for delivery in February gained Rs 5.40, or 0.65 per cent, to Rs 831.90 per kg, with a trading volume of 356 lots.

Similarly, the oil for delivery in January edged up by Rs 4.20, or 0.51 per cent, to Rs 819 per kg, with a business turnover of 213 lots.

Marketmen said a firming trend at the spot markets on the back of rising domestic a nd export demand against restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha oil prices at futures trade here.
 

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First Published: Jan 30 2014 | 1:12 PM IST

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