 "Mentha oil up by 0.5% on pick up in spot demand")
Mentha oil futures prices today rose by 0.48% to Rs 727.50 per kg as speculators enlarged positions, supported by rising demand in the spot markets from consuming industries.
Besides, tight stock positions in the physical market following restricted arrivals from producing regions too fuelled the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in December gained Rs 3.50, or 0.48%, to Rs 727.50 per kg, with a trading volume of 366 lots.
Marketmen said a firming trend at the spot market amid restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha oil prices at futures trade here.
Besides, tight stock positions in the physical market following restricted arrivals from producing regions too fuelled the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in December gained Rs 3.50, or 0.48%, to Rs 727.50 per kg, with a trading volume of 366 lots.
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Similarly, the oil for delivery in January 2015 edged up by Rs 3.30, or 0.44%, to Rs 738.60 per kg, with a business turnover of 257 lots.
Marketmen said a firming trend at the spot market amid restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha oil prices at futures trade here.