Mentha oil rises by 0.7% as demand picks up

Mentha oil prices rose by 0.73% to Rs 899.90 per kg in futures trade today as traders engaged in creating positions largely supported by rising demand from consuming industries.

 

Besides, restricted arrivals from Chandausi in Uttar Pradesh also influenced mentha oil prices.

 

At the Multi Commodity Exchange, mentha oil for delivery in August rose by Rs 6.60, or 0.73%, to Rs 899.90 per kg, with a trading volume of 219 lots.

 

Similarly, the oil for delivery in September higher by Rs 5.50, or 0.60%, to Rs 912.20 per kg, with a business turnover of 17 lots.

 

Marketmen said a firming trend at the spot markets on rising demand against restricted supplies from producing regions mainly influenced mentha oil prices at futures trade here.