 "Mentha oil up 1.1% on strong demand")
Supported by strong domestic demand, mentha oil prices climbed 1.10% to Rs 856.40 per kg in futures market today as speculators created fresh positions.
At the Multi Commodity Exchange, mentha oil for delivery in March shot up by Rs 9.30, or 1.10%, to Rs 856.40 per kg in business turnover of 576 lots.
Similarly, the oil for delivery in April contract moved up by Rs 8.90, or 1.04% to Rs 865.50 per kg in 137 lots.
Analysts said fresh positions created by speculators driven by strong demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh mainly pushed up mentha oil prices at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in March shot up by Rs 9.30, or 1.10%, to Rs 856.40 per kg in business turnover of 576 lots.
Similarly, the oil for delivery in April contract moved up by Rs 8.90, or 1.04% to Rs 865.50 per kg in 137 lots.
Analysts said fresh positions created by speculators driven by strong demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh mainly pushed up mentha oil prices at futures trade.