New Delhi: Mentha oil prices rose by 1.38 percent to Rs 843.20 per kg in futures trade Tuesday as traders created fresh positions amid pick-up in demand from consuming industries.
At the Multi Commodity Exchange, mentha oil for delivery in April was trading higher by Rs 11.50, or 1.38 percent, to Rs 843.20 per kg, clocking a business volume of 1,122 lots.
The oil for March contract gained Rs 11, or 1.34 per cent, to Rs 831.40 per kg, with a trading volume of 166 lots.
Analysts said the rise in mentha oil prices at futures trade was due to fresh positions built-up by speculators, triggered by firm demand from consuming industries in the physical markets against restricted supplies from Chandausi in Uttar Pradesh.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
