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Mentha oil futures recover on spot demand

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Press Trust of India New Delhi

Mentha oil prices recovered by Rs 5.50 to Rs 1,202 per kg in futures trade today as speculators created fresh positions, supported by a pick-up in spot demand.

Restricted supplies from producing regions also supported the uptrend in mentha oil prices.

At the Multi Commodity Exchange, September mentha oil recovered by Rs 5.50, or 0.46% to Rs 1,202 per kg in a business turnover of 473 lots.

The October contract moved up by Rs 5, or 0.42% to Rs 1,206.50 per kg in 198 lots.

Marketmen said fresh buying by speculators following a pick up in spot demand mainly helped mentha oil prices to recover in the futures trade.

 

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First Published: Sep 14 2011 | 1:36 PM IST

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