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Mentha oil up 0.5% on spot demand

Oil for delivery in December edged up by 0.4%

Press Trust of India New Delhi
Mentha oil futures prices today rose by 0.52% to Rs 903.40 per kg as traders created fresh positions, driven by pick up in demand from consuming industries in spot markets.

At the Multi Commodity Exchange, mentha oil for delivery in November gained Rs 4.70, or 0.52%, to Rs 903.40 per kg, with a trading volume of 398 lots.

Similarly, the oil for delivery in December edged up by Rs 4.20, or 0.46%, to Rs 916 per kg, with a business turnover of 78 lots.

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

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First Published: Nov 14 2013 | 1:01 PM IST

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