Mentha oil futures rebound 0.57% on upsurge in demand
Amid pick up in demand from consuming industries at domestic spot market against restricted arrivals from producing regions, mentha oil prices were up by 0.57 per cent to Rs 978 per kg in futures trade today as speculators built up fresh positions.
Amid pick up in demand from consuming industries at domestic spot market against restricted arrivals from producing regions, mentha oil prices were up by 0.57 per cent to Rs 978 per kg in futures trade today as speculators built up fresh positions.
At the Multi Commodity Exchange, mentha oil for delivery in March went up by Rs 5.50, or 0.57 per cent to Rs 978 per kg in business turnover of 64 lots.
Similarly, the oil for delivery in April month contracts was trading higher by Rs 5.10, or 0.52 per cent to Rs 988.60 per kg in 127 lots.
Marketmen said fresh positions built up by traders due to uptick in demand from consuming industries in the spot markets against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)