MENTHA OIL
- Mentha oil prices rose 3.20 per cent to Rs 815.30 per kg in futures trade today as speculators enlarged positions, tracking a firm trend at the spot market on pick up in demand from consuming industries.
- Tight stocks availability in the physical market following restricted arrivals from Chandausi in Uttar Pradesh also supported the uptrend.
- At the Multi Commodity Exchange, mentha oil for delivery in March rose Rs 3.20, or 0.39 per cent, to Rs 815.30 per kg in a business turnover of 26 lots.
- Similarly, the oil for delivery in February gained Rs 2.80, or 0.35 per cent, to Rs 804.50 per kg in 80 lots.
- Analysts said speculators enlarged their positions on a firm trend at spot market on pick up in demand from consuming industries which mainly kept mentha oil prices remain higher for the second day at futures trade.
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