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:   
|
|

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

Mentha oil futures 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.

Mentha oil futures 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.

image

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 ...

Recommended for you

Quick Links

Market News

Nickel falls by 0.1% due to record stockpiles

Speculators reduced positions on weak cues from global markets amid sluggish demand from alloy-makers in domestic spot market

Copper falls by 0.1% on global cues

Speculators trimmed positions amid weak global cues

Petron Engineering soars on contract win

The stock rallied 13% to Rs 242 on the National Stock Exchange.

GVK Power surges as airport unit plans $250 million IPO

Till 0930 hours, a combined 5.97 million shares changed hands and there are pending buy orders for 1.53 million shares

Crude oil futures rise 0.41% on global cues

The oil for delivery in April moved up by Rs 10, or 0.33%, to Rs 3,027 per barrel

 

Back to Top