NEW DELHI: Mentha oil futures on Wednesday rose 2.28 per cent in early trade on Wednesday on the domestic futures market on the back of fresh buying by traders after hitting the lower circuit on Tuesday.
Traders said emergence of buying on supply concerns helped mentha oil to recover part of Tuesday's losses.
All four running contracts - July, August, September and October - were back in positive territory with a gain of 2.28 per cent on the Multi Commodity Exchange.
Mentha for delivery in August contract rose the most with a gain of 2.28 per cent at Rs 709.40 per kg after rising to Rs 710 at 1030 hrs.
While, near-month July contract was trading 2.10 per cent higher at Rs 694 per kg after moving between Rs 698.80 and Rs 685 per kg at the outset.
Far-month September and October contracts were up by 1.95 and 1.99 per cent at Rs 717 and Rs 728 per kg respectively.
Traders said emergence of buying on supply concerns helped mentha oil to recover part of Tuesday's losses.
All four running contracts - July, August, September and October - were back in positive territory with a gain of 2.28 per cent on the Multi Commodity Exchange.
Mentha for delivery in August contract rose the most with a gain of 2.28 per cent at Rs 709.40 per kg after rising to Rs 710 at 1030 hrs.
While, near-month July contract was trading 2.10 per cent higher at Rs 694 per kg after moving between Rs 698.80 and Rs 685 per kg at the outset.
Far-month September and October contracts were up by 1.95 and 1.99 per cent at Rs 717 and Rs 728 per kg respectively.
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