Comments
Mentha oil gained Rs 3.50 to Rs 885 per kg in futures trading today as traders enlarged their positions on the back of pick up in demand.
At the Multi Commodity Exchange, mentha oil for delivery in August rose by Rs 3.50 or 0.40 per cent to Rs 885 per kg with a business turnover of 44 lots.
Similarly, the oil for delivery in June gained Rs 2.20 or 0.25 per cent to Rs 872.20 per kg in 283 lots.
Analysts attributed the rise in mentha oil futures prices to fresh positions created by speculators on the back of pick up in domestic demand from pharmaceutical units.
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.