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Spot Mentha Moves Up On Domestic Demand

9 Dec 2019 6:55 pm
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NEW DELHI (Commoditiescontrol) - Spot mentha oil prices moved higher at key markets of Uttar Pradesh on Monday due to better demand from the domestic consuming industries.

Mentha oil prices in Chandausi, Sambhal and Rampur quoted at Rs 1,385/kg, Rs 1,405/kg and Rs 1,370/kg, respectively.

At the Multi Commodity Exchange (MCX), mentha oil contract for delivery in December ended higher by Rs 6.50 or 0.50 percent at Rs 1,297.50 per kg.

Traders said, the overall sentiment is slightly bullish amid expectations of rise in winter season demand ahead. However, subdued export demand and expectations of rise in acreage in the forthcoming season may prevent any major upside.


       
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