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Spot Mentha Edges Higher On Low-Level Buying

17 Oct 2019 8:04 pm
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NEW DELHI (Commoditiescontrol) - Spot mentha oil prices edges higher at key markets of Uttar Pradesh on Thursday due to some low-level buying ahead of the winter season.

However, the overall sentiments are not very supportive as winter season demand for the spice oil is yet to pick up, while farmers are bringing their produce in markets to meet their financial requirements during the ongoing festive season.

Moreover, expectations of higher acreage in the forthcoming sowing season are weighing on sentiments.

Mentha oil prices in Chandausi, Sambhal and Rampur quoted at Rs 1,310/kg, Rs 1,320 and Rs 1,290, respectively.

While, at the Multi Commodity Exchange (MCX), mentha oil for delivery in October gained by Rs 14 or 1.17 percent at Rs 1,208.80 per kg.


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