Don’t miss the latest developments in business and finance.

Mentha oil rises on strong demand, low arrivals

Sentiment improved on the back of increased domestic as well as exports demand and reports of lower production this season due to late rains

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 5:46 PM IST

Mentha oil prices rose by Rs 17.10 to Rs 1,151 per kg in futures trade today as speculators engaged in creating positions.

Sentiment improved on the back of increased domestic as well as exports demand and reports of lower production this season due to late rains.

At the Multi Commodity Exchange, the December contract gained 10.80, or 0.90%, to Rs 1,201.40 per kg, with a trading volume of 102 lots.

Similarly, the oil for delivery in November edged up by Rs 10.10, or 0.85%, to Rs 1,186.90 per kg in 413 lots.

More From This Section

First Published: Nov 08 2012 | 1:27 PM IST

Next Story