Raising of bets by speculators drove mentha oil prices higher in futures trade.
ETMarkets.com|
Apr 01, 2019, 12.54 PM IST
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As per Motilal Oswal Securities, export demand for oil in the global market is likely to improve due to recovery in currency which is supportive for mentha pol prices.
NEW DELHI:
Mentha oil
prices climbed higher in futures trade on Monday on raised demand by consuming industries.
Raising of bets by speculators, driven by surging demand from consuming industries at the spot market against limited supplies from key producing regions, drove mentha oil prices higher in futures trade.
Around 12 pm, MCX Mentha oil was at Rs 1,596.10 per kg, up by Rs 16, or 1.01 per cent.
As per Motilal Oswal Securities, export demand for oil in the global market is likely to improve due to recovery in currency which is supportive for mentha pol prices.
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