Business Standard

Mentha oil up on short-covering, firm demand

The January contract traded higher by Rs 6.70, or 0.45%, to Rs 1,467 per kg

Related News

continued to rise for a third straight trading session with prices rising by Rs 8.30 to Rs 1,451.30 per kg on the back of short covering and rising demand in the spot market.

Increased exports demand and reports of lower output this season, also supported the rise.

Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh.

At the Multi Commodity Exchange, December mentha oil rose by Rs 8.30, or 0.57%, to Rs 1,451.30 per kg, clocking a business volume of 826 lots.    

The January contract traded higher by Rs 6.70, or 0.45%, to Rs 1,467 per kg, with a trading volume of 270 lots.

Read more on:   
|
|

Read More

Cement prices fall again in Andhra

Cement prices in Andhra Pradesh have once again fallen steeply -- by as much as Rs 40 per bag -- in recent weeks impacting the prices in the ...

Quick Links

 

Market News

Order against 17 entities for unfair practices

The Securities and Exchange Board of India (Sebi) on Tuesday passed an order against 17 entities in a case of market manipulation. The regulator ...

Futures market sees hope in forward trades

Experts say there is a need for amendments to the Forward Contracts Regulation Act to empower FMC and pave the way for introducing option and ...

FTIL to exit exchange business

To focus on technology; company rules out possibility of removing Jignesh Shah

MCX trying to get nod for contracts for next year

At Multi Commodity Exchange (MCX)'s 12th annual general meeting (AGM) on Tuesday, the company said its management was making all efforts to sign ...

Today's picks- 23 September 2014

Nifty, Bank Nifty,Tech Mahindra,Tata Steel & ONGC

Back to Top