Spot demand lifts mentha oil futures by 0.33%

Mentha oil prices were up by 0.33 per cent to Rs 910 per kg in futures trade today after participants enlarged positions, supported by firming trend at the spot markets on pick-up in demand from consuming industries.
Further, tight stocks position following restricted arrivals from Chandausi in Uttar Pradesh in the physical market supported the upside in mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in April gained Rs 3, or 0.33 per cent, to Rs 910 per kg, with a trading volume of just one lot.
Similarly, the oil for delivery in current month edged up by Rs 2.50, or 0.28 per cent, to Rs 878.50 per kg, with a business turnover of 335 lots.

Marketmen said a firming trend at the spot markets amid restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha oil prices at the futures trade.