NEW DELHI, Sept 22: Continuing its rising streak for the third straight day, mentha oil prices rose further by 0.33 per cent to Rs 1,176 per kg in futures trading today as participants engaged in enlarging their positions amid pick up in demand from consuming industries in the spot market.
At the Multi Commodity Exchange, mentha oil for delivery September moved up by Rs 3.90, or 0.33 per cent to Rs 1,176 per kg in business turnover of 139 lots.
On similar lines, the oil for delivery in October was trading higher by Rs 3.50, or 0.29 per cent to Rs 1,190 per kg in 53 lots.
Analysts said raising their bets by traders due to uptick in demand from consuming industries in the physical market against tight stocks position on fall in supplies from Chandausi, mainly kept mentha oil prices higher at futures trade. (PTI)
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