 "Mentha oil up by 0.9% on high demand")
Mentha oil futures rose 0.90% at Rs 933.50 per kg today as speculators enlarged positions amid positive cues from the spot market on strong demand.
At Multi Commodity Exchange, mentha oil for delivery in May edged higher by Rs 8.10, or 0.90%, to Rs 933.50 per kg in business turnover of 222 lots.
In a similar fashion, the oil for delivery in April traded higher by Rs 7.10, or 0.78%, to Rs 921.30 per kg in 817 lots.
Analysts said apart from a firm trend in the spot market, rising demand from consuming industries amid restricted arrivals from Chandausi in Uttar Pradesh mainly influenced the prices.
At Multi Commodity Exchange, mentha oil for delivery in May edged higher by Rs 8.10, or 0.90%, to Rs 933.50 per kg in business turnover of 222 lots.
In a similar fashion, the oil for delivery in April traded higher by Rs 7.10, or 0.78%, to Rs 921.30 per kg in 817 lots.
Analysts said apart from a firm trend in the spot market, rising demand from consuming industries amid restricted arrivals from Chandausi in Uttar Pradesh mainly influenced the prices.