Spot demand lifts mentha oil futures by 0.71 pc

Mentha oil prices were trading up by 0.71 per cent to Rs 935.50 per kg in futures trade today as investors extended positions amid rising demand from consuming industries in the domestic spot market.
Furthermore, 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 current month gained Rs 6.60, or 0.71 per cent, to Rs 935.50 per kg, with a trading volume of 304 lots.
Similarly, the oil for delivery in July edged up by Rs 5.20, or 0.55 per cent, to Rs 947 per kg, with a business turnover of 45 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.