Business Standard

Mentha oil up 0.5% on pick up in demand

Oil for delivery in October edged up by 0.43%

Press Trust of India New Delhi
Mentha oil prices were up by by 0.48% to Rs 663.90 per kg in futures trade today as speculators enlarged positions, supported by good demand in spot markets

At the Multi Commodity Exchange, mentha oil for delivery in September gained Rs 3.20, or 0.48%, to Rs 663.90 per kg, with a trading volume of 635 lots.

Similarly, the oil for delivery in October edged up by Rs 2.90, or 0.43%, to Rs 674 per kg, with a business turnover of 408 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: Sep 23 2014 | 12:22 PM IST

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