 "Mentha oil rise 0.2% on pick-up in demand")
Amid pick up in domestic demand against restricted supplies from producing regions, mentha oil prices rose by 0.21% to Rs 800.50 per kg in futures market today as speculators created fresh positions.
At the Multi Commodity Exchange, mentha oil for delivery in far-month April rose by Rs 1.70, or 0.21%, to Rs 800.50 per kg in business turnover of 5 lots.
Likewise, the oil for delivery in March edged up by 60 paise, or 0.08%, to Rs 794 per kg in 63 lots.
Analysts said built-up by speculators after pick up in demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh helped mentha oil prices to trade higher at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in far-month April rose by Rs 1.70, or 0.21%, to Rs 800.50 per kg in business turnover of 5 lots.
Likewise, the oil for delivery in March edged up by 60 paise, or 0.08%, to Rs 794 per kg in 63 lots.
Analysts said built-up by speculators after pick up in demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh helped mentha oil prices to trade higher at futures trade.