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Uptick in demand lifts mentha oil futures 0.43 pc

Press Trust of India  |  New Delhi 

Mentha prices moved up by 0.43 per cent to Rs 1,217 per kg in futures trading today as speculators created fresh positions amid pick-up in demand from consuming industries in the spot market.

At the Multi Commodity Exchange, mentha for delivery in October rose by Rs 5.20, or 0.43 per cent, to Rs 1,217 per kg in a business turnover of 11 lots.

Likewise, the for delivery in September edged higher by Rs 4.10, or 0.34 per cent, to Rs 1,202.50 per kg in 104 lots.

Analysts said, fresh positions built up by traders on the back of pick-up in demand from consuming industries in spot markets against restricted supplies from Chandausi in Uttar Pradesh, mainly led to the rise in mentha oil prices at futures trade.

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

First Published: Fri, September 15 2017. 11:32 IST