 "Mentha oil up 0.2% as demand picks up")
Supported by rising demand from consuming industries in the spot market, mentha oil traded higher for the third straight session by adding Rs 0.24% to Rs 848.60 per kg in futures trade today.
At the Multi Commodity Exchange, mentha oil for delivery in January traded higher by Rs 2, or 0.24%, to Rs 848.60 per kg in business turnover of 62 lots.
Likewise, the oil for delivery in February moved up by Rs 1.70, or 0.20%, to Rs 859.50 per kg in 8 lots.
Analysts said besides pick up in demand from consuming industries in the spot market, restricted arrivals from Chandausi in Uttar Pradesh, also influenced mentha oil prices at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in January traded higher by Rs 2, or 0.24%, to Rs 848.60 per kg in business turnover of 62 lots.
Likewise, the oil for delivery in February moved up by Rs 1.70, or 0.20%, to Rs 859.50 per kg in 8 lots.
Analysts said besides pick up in demand from consuming industries in the spot market, restricted arrivals from Chandausi in Uttar Pradesh, also influenced mentha oil prices at futures trade.