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Uptick in demand lifts mentha oil futures by 0.32%

Press Trust of India  |  New Delhi 

Mentha prices edged up by 0.32 per cent to Rs 1,866 per kg in futures trade today as speculators created fresh positions amid pick up in demand at domestic spot market against restricted supplies.

At the Multi Commodity Exchange, mentha for delivery in December month rose by Rs 5.90, or 0.32 per cent to Rs 1,866 per kg in business turnover of 157 lots.

Likewise, the for delivery in January 2018 was trading higher by 40 paise, or 0.02 per cent to Rs 1,891 per kg in 29 lots.

Marketmen said fresh positions built up by participants due to upsurge in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.

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

First Published: Fri, December 08 2017. 11:00 IST