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Spot Mentha Edges Up On Better Buying

14 Mar 2019 8:19 pm
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NEW DELHI (Commoditiescontrol) - Spot mentha oil prices edged higher at key markets of Uttar Pradesh on Thursday amid better demand from consuming industries and tight stocks position due to fall in supplies.

Mentha oil prices in Chandausi, Sambhal and Rampur quoted at Rs 1,850/kg, Rs 1,855 and Rs 1,800, respectively. While, at the Multi Commodity Exchange (MCX), mentha oil for delivery in March edged higher by Rs 7.60 or 0.45 percent at Rs 1,692.50 per kg.

As per market source, overall sentiments are still bullish as demand from both domestic and export fronts are emerging at existing price levels. While, farmers are holding back their produce anticipating rise in prices ahead.

(By Commoditiescontrol Bureau)


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