NEW DELHI, Jan 1: Mentha oil prices moved up by Rs 6.20 to Rs 1452.60 per kg in futures trade today after speculators created positions, driven by increased industrial demand in the spot market.
At the Multi Commodity Exchange, mentha oil for delivery in February edged up by Rs 6.20, or 0.43 per cent to Rs 1,452.60 per kg in business turnover of 43 lots.
Likewise, the oil for delivery in January traded higher by Rs 4.80, or 0.34 per cent to Rs 1,437.60 per kg in 856 lots.
Market analysts said fresh positions built up by speculators on the back of a rise in industrial demand in the spot market amid some export enquiries mainly influenced mentha oil futures. (PTI)
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