Commodities

Mentha oil remains up on firm demand

PTI New Delhi | Updated on May 12, 2011 Published on May 12, 2011

Mentha oil prices rose by Rs 13.40 to Rs 932 a kg in futures trade today as traders created fresh positions driven by pick-up in spot market demand.

Market analysts said increasing export and domestic demand from pharmaceutical industries kept mentha oil prices up in the futures market.

Restricted arrivals from Chandausi in Uttar Pradesh further pushed up the prices, they added.

At the Multi Commodity Exchange, mentha oil for delivery in May gained Rs 13.40 or 1.45 per cent to Rs 932 a kg with trading volume of 119 lots.

Likewise, its prices for delivery in June advanced by Rs 10.50 or 1.18 per cent to Rs 898 a kg with a business turnover of 57 lots.

The oil for July delivery also rose by Rs 8.20 or 0.92 per cent to Rs 894 a kg with a trade volume of 18 lots.

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Published on May 12, 2011
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