 "Mentha oil up 0.4% on pick-up in demand")
Mentha oil prices rose by 0.47% to Rs 853.30 per kg in futures trade today as traders created fresh positions, driven by pick-up in demand from consuming industries in spot markets.
At the Multi Commodity Exchange, mentha oil for delivery in May rose by Rs 4, or 0.47%, to Rs 853.30 per kg, clocking a business volume of 136 lots.
The oil for April contract traded higher by Rs 3.80, or 0.45%, to Rs 841.20 per kg, with a trading volume of 284 lots.
Analysts said speculators created fresh positions on the back of a rise in demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh that mainly led to rise in mentha oil prices at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in May rose by Rs 4, or 0.47%, to Rs 853.30 per kg, clocking a business volume of 136 lots.
The oil for April contract traded higher by Rs 3.80, or 0.45%, to Rs 841.20 per kg, with a trading volume of 284 lots.
Analysts said speculators created fresh positions on the back of a rise in demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh that mainly led to rise in mentha oil prices at futures trade.