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Mentha oil up 0.24% on increased demand

Higher offtake from consuming industries, limited arrivals from producing regions influence prices in futures market

Press Trust of India New Delhi
Mentha oil traded higher by 0.24 per cent to Rs 785.60 per kg in futures market today due to increased demand from consuming industries in spot markets.
    
At the Multi Commodity Exchange, mentha oil for delivery in March rose by Rs 2.10, or 0.24 per cent, to Rs 785.60 per kg in a business turnover of 38 lots.
    
The February contrace gained one rupee, or 0.13 per cent, to Rs 775.20 per kg in 82 lots.
    
Analysts said increased demand from consuming industries in the spot market amid limited arrivals from producing regions helped mentha oil prices to trade higher at futures trade.

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First Published: Feb 14 2014 | 12:27 PM IST

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