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Mentha oil up 0.9% on pick-up in industrial demand

Mentha oil for delivery in the July contract traded higher by 0.98%

Press Trust of India New Delhi
Last Updated : Jun 21 2013 | 11:58 AM IST
Mentha oil prices moved up by Rs 9.90 to Rs 1,010 per kg in futures trade today as speculators created fresh positions, supported by pick-up in industrial demand in the spot market against limited arrivals from producing belt.

At the Multi Commodity Exchange, mentha oil for delivery in June moved up by Rs 9.90, or 0.99%, to Rs 1,010 per kg in business turnover of 516 lots.

Similarly, mentha oil for delivery in the July contract traded higher by Rs 8.90, or 0.98%, to Rs 1,023.40 per kg in 185 lots.

Market analysts said fresh positions built up by speculators, supported by pick-up in industrial demand in the spot market against restricted arrivals from Chandausi in Uttar Pradesh mainly helped mentha oil prices to trade higher at futures trade.

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First Published: Jun 21 2013 | 11:55 AM IST

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