Robust demand lifts mentha oil futures by 1.07%
Mentha oil prices rebounded by 1.07 per cent to Rs 1,198.70 per kg in futures trade today as speculators created fresh positions amid pick up in demand from consuming industries.
At the Multi Commodity Exchange, mentha oil for delivery in September rose by Rs 12.70, or 1.07 per cent to Rs 1,198.70 per kg in business turnover of 779 lots.
Likewise, the oil for delivery in August month was trading higher by Rs 12, or 1.02 per cent to Rs 1,183 per kg in 151 lots.
Market analysts attributed the rise in mentha oil in futures trade to fresh positions built up by traders due to upsurge in demand from consuming industries against tight stocks position.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.