 "Spot demand lifts mentha oil price by 0.2%")
Supported by pick up in domestic demand and restricted supplies from producing regions, mentha oil prices were up 0.22% to Rs 894.80 per kg in futures market today as speculators built up fresh positions.
At the Multi Commodity Exchange, mentha oil for delivery in January month edged up by Rs 2, or 0.22% to Rs 894.80 per kg in business turnover of 230 lots.
Similarly, the oil for delivery in far-month February contracts traded higher by Rs 1.90, or 0.21% to Rs 907 per kg in 9 lots.
Marketmen said positions widened by participants amid pick up in demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh, led to the rise in mentha oil prices at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in January month edged up by Rs 2, or 0.22% to Rs 894.80 per kg in business turnover of 230 lots.
Similarly, the oil for delivery in far-month February contracts traded higher by Rs 1.90, or 0.21% to Rs 907 per kg in 9 lots.
Marketmen said positions widened by participants amid pick up in demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh, led to the rise in mentha oil prices at futures trade.