Business Standard

Mentha oil up 1.3% in futures trade on spot demand

Oil for delivery in November edged up by 1.1%

Press Trust of India New Delhi
Mentha oil futures prices today rose by 1.32% to Rs 863.80 per kg as traders built up positions, driven by pick-up in demand from consuming industries in spot markets.

At the Multi Commodity Exchange, mentha oil for delivery in December gained Rs 11.30, or 1.32%, to Rs 863.80 per kg, with a trading volume of 65 lots.

Similarly, the oil for delivery in November edged up by Rs 9.40, or 1.11%, to Rs 849.90 per kg, with a business turnover of 371 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 01 2013 | 2:17 PM IST

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