Mentha essential oil prices gained Rs 7 to Rs 1, 139. 50 per kg in futures trade today about the back of a pick-up in spot market demand, mainly from pharmaceutical models.
At the Multi Commodity Exchange, August contract gained Rs 7, or 0. 62%, in order to Rs 1, 139. 50 per kg, with a business turnover of four hundred lots.
September delivery moved up by Rs 6. 40, or 0. 56%, in order to Rs 1, 150. 10 per kg in 135 lots.
Market analysts said a pick-up sought after from pharmaceutical units against low arrivals from producing regions led to the actual rise in mentha oil prices in futures trade.
At the Multi Commodity Exchange, August contract gained Rs 7, or 0. 62%, in order to Rs 1, 139. 50 per kg, with a business turnover of four hundred lots.
September delivery moved up by Rs 6. 40, or 0. 56%, in order to Rs 1, 150. 10 per kg in 135 lots.
Market analysts said a pick-up sought after from pharmaceutical units against low arrivals from producing regions led to the actual rise in mentha oil prices in futures trade.