Business Standard

Upsurge in demand lifts mentha futures

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Press Trust of India New Delhi

Mentha oil prices were marginally up by 0.08 per cent in futures trade Wednesday after speculators built up fresh positions amid pick-up in demand in domestic spot market.

Besides, restricted arrivals from major producing belts supported the upside.

At the Multi Commodity Exchange, mentha oil for delivery in January 2019 contract was up by Rs 1.10, or 0.08 per cent, to Rs 754.20 per kg in a business volume of 35 lots.

Marketmen said fresh positions created by traders due to uptick in demand from consuming industries in the physical market against restricted supplies from Chandausi (Uttar Pradesh), led to rise in prices.

 

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First Published: Dec 19 2018 | 12:25 PM IST

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