Mentha oil prices climbed 0.78
per cent to Rs 1,712.90 per kg in futures market Thursday after participants raised bets amid rise in demand from consuming industries at the spot market against restricted arrivals from producing regions.
At the Multi Commodity Exchange, mentha oil for delivery
in December was higher by Rs 13.40, or 0.78 per cent, to Rs 1,712.90 per kg, clocking a business volume of 124 lots.
The oil for this month delivery was trading higher by Rs
11.50, or 0.68 per cent to Rs 1,695 per kg, with a trading
volume of 17 lots.
Marketmen said raising of bets by speculators, driven by
surging demand from consuming industries at the spot market
against restricted supplies from Chandausi, led to the rise in
mentha oil prices in futures trade.
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