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Robust demand lifts mentha oil futures by 1.14%

Press Trust of India  |  New Delhi 

Mentha prices rose by 1.14 per cent to Rs 1,430.10 per kg in futures trade today as speculators built up fresh positions amid pick up in demand at domestic spot market.

At the Multi Commodity Exchange, mentha for delivery in February month rose by Rs 16.10, or 1.14 per cent to Rs 1,430.10 per kg in business turnover of 305 lots.

The for delivery in March was trading higher by Rs 15.60, or 1.10 per cent to Rs 1,432 per kg in 80 lots.

Analysts said fresh positions created by traders on upsurge in demand from consuming industries in the physical market against restricted supplies from Chandausi led to the rise in futures.

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

First Published: Fri, February 09 2018. 11:25 IST