Don’t miss the latest developments in business and finance.

Mentha oil futures rise 0.38% as demand picks up

Image
Press Trust of India New Delhi
Last Updated : Mar 11 2016 | 11:32 AM IST
Mentha oil prices rose by 0.38 per cent to Rs 899 per kg in futures market today after traders strengthened their positions, tracking a firm trend at spot market on pick up in demand from consuming industries.
At the Multi Commodity Exchange, mentha oil for delivery in current month moved up by Rs 3.40, or 0.38 per cent to Rs 899 per kg in a business turnover of 165 lots.
In a similar fashion, the oil for delivery in far-month April traded higher by Rs 3.10, or 0.34 per cent to Rs 911 per kg in 17 lots.
Analysts said fresh positions built up by participants after demand picked up from consuming industries in the spot market amid restricted supplies from Chandausi in Uttar Pradesh helped mentha oil prices to trade higher at futures trade.

More From This Section

First Published: Mar 11 2016 | 11:32 AM IST

Next Story