NEW DELHI, June 13: Mentha oil prices climbed 1.33 per cent to Rs 1,138 per kg in futures market today after participants raised bets amid rise in demand from consuming industries at the spot market against restricted arrivals from producing regions.
At the Multi Commodity Exchange, mentha oil for delivery this month’s contract was higher by Rs 15, or 1.33 per cent, at Rs 1,138 per kg with a business volume of 321 lots.
The oil for July delivery was trading higher by Rs 12.10, or 1.07 per cent, to Rs 1,147 per kg with a trading volume of 89 lots.
Marketmen said raising of bets by speculators, driven by surging demand from consuming industries at the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade. (PTI)
Follow our WhatsApp channel