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Mentha oil rises as demand picks up

Less arrivals from Chandausi in UP supported uptrend

Press Trust of India New Delhi
Last Updated : May 08 2013 | 2:26 PM IST
Mentha oil futures for May rose by Rs 9.50, or 1.08%, to Rs 892.40 per kg in 420 lots.   

At the Multi Commodity Exchange (MCX), the June contracts traded higher by Rs 8.90, or 1.02%, to Rs 882 per kg in 101 lots.

Prices rose as speculators created fresh positions after pick-up in demand from consuming industries in the spot market.

Tight stocks availability in the physical market following less arrivals from Chandausi in Uttar Pradesh further supported the uptrend.

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First Published: May 08 2013 | 2:24 PM IST

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