Comments
Mentha oil prices rose by Rs 10.30 to Rs 1,155.50 a kg in futures trading on Tuesday as speculators enlarged their positions on the back of pick up in demand in the spot market.
At the Multi Commodity Exchange, mentha oil for February contract rose Rs 10.30 or 0.90 per cent to Rs 1,155.50 a kg, with a business volume of single lot.
The oil for delivery in March contract also gained Rs 9 or 0.79 per cent to Rs 1,154.50 a kg, with a business turnover of two lots.
Market analysts said fresh positions created by speculators, pick up in domestic and export demand, helped prices to trade higher.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.