 "Mentha oil rises 0.28% on spot demand")
Mentha oil prices edged higher by 0.28 per cent to Rs 704.30 per kg in futures trading today as speculators created fresh positions after demand from consuming industries picked up in the spot market.
At the Multi Commodity Exchange, mentha oil for delivery in August edged up by Rs 2, or 0.28 per cent, to Rs 704.30 per kg in a business turnover of 177 lots.
The September contract traded higher by the same margin to Rs 716.80 per kg in 31 lots.
Market analysts said besides improved demand from consuming industries in the spot market, restricted arrivals 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 August edged up by Rs 2, or 0.28 per cent, to Rs 704.30 per kg in a business turnover of 177 lots.
The September contract traded higher by the same margin to Rs 716.80 per kg in 31 lots.
Market analysts said besides improved demand from consuming industries in the spot market, restricted arrivals from Chandausi in Uttar Pradesh helped mentha oil prices to trade higher at futures trade.