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Mentha oil up 0.8% on rising demand

Oil for delivery in February edged up by 0.7%

Press Trust of India New Delhi
Mentha oil prices gained 0.84% to Rs 751 per kg in futures trade today as speculators enlarged positions on the back of rising demand in spot markets.

At the Multi Commodity Exchange, mentha oil for delivery in January gained Rs 6.30, or 0.84%, to Rs 751 per kg, with a trading volume of 458 lots.

Similarly, the oil for delivery in February edged up by Rs 5.30, or 0.70%, to Rs 760.70 per kg, with a business turnover of 125 lots.

Marketmen said a firming trend at the spot markets amid restricted supplies from Chandausi in Uttar Pradesh mainly influenced mentha oil prices at futures trade here.
 

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First Published: Jan 14 2015 | 12:40 PM IST

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