 "Mentha oil up 0.5% on pick-up in demand")
Mentha oil prices rose 0.50% to Rs 755.10 per kg in futures market today after traders created fresh positions amid pick-up in demand from consuming industries in spot markets.
At the Multi Commodity Exchange, mentha oil for delivery in March rose by Rs 3.80, or 0.50%, to Rs 755.10 per kg, clocking a business volume of 117 lots.
The oil for February delivery traded higher by Rs 3.70, or 0.49%, to Rs 744.90 per kg, with a trading volume of 221 lots.
Analysts said fresh positions built up by speculators on the back of a rise in demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh led to rise in mentha oil prices at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in March rose by Rs 3.80, or 0.50%, to Rs 755.10 per kg, clocking a business volume of 117 lots.
The oil for February delivery traded higher by Rs 3.70, or 0.49%, to Rs 744.90 per kg, with a trading volume of 221 lots.
Analysts said fresh positions built up by speculators on the back of a rise in demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh led to rise in mentha oil prices at futures trade.