Mentha oil prices up on industrial demand

Mentha oil for September delivery gained 9.80,or 0.72 per cent,to Rs 1,364.80 per kg.

Written by Agencies | New Delhi | Published: September 5, 2012 1:38 pm

Mentha oil prices rose by Rs 9.80 to Rs 1,364.80 per kg in futures trade today as traders created fresh positions,on good demand from pharma units and lower arrivals from producing regions.

At the Multi Commodity Exchange,mentha oil for September delivery gained 9.80,or 0.72 per cent,to Rs 1,364.80 per kg with a trading volume of 113 lots.

Similarly,the oil for delivery in October month rose by Rs 8.30,or 0.67 per cent,to Rs 1,383.70 per kg in eight lots.

Marketmen said a firming trend in the spot market on the back of a pick-up in demand and lower arrivals from the main producing region of Chandausi,in Uttar Pradesh mainly pushed up mentha oil prices in futures trade.

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