Tuesday, June 11, 2013

Mentha oil futures up on strong demand

Mentha oil continues its upward journey for the fourth day today with prices rising by Rs 10.30 to Rs 984 per kg in futures trade as traders engaged in creating positions supported by strong demand at spot market from consuming industries.  Lower arrivals from Chandausi in Uttar Pradesh also influenced prices.  At the Multi Commodity Exchange (MCX), mentha oil for delivery in June rose by Rs 10.30, or 1.05 per cent, to Rs 984 per kg, with a trading volume of 509 lots.  The prices for delivery in July also rose by Rs 8.30, or 0.84 per cent, to Rs 986.50 per kg, with a business turnover of 116 lots.  Marketmen said besides restricted arrivals, a firming trend at the spot markets on firm industrial and export demand, mainly influenced mentha oil prices at futures trade here.
Source : Economic Times

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