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Spot demand lifts mentha oil futures by 0.71 pc

Press Trust of India  |  New Delhi 

Mentha prices were trading up by 0.71 per cent to Rs 935.50 per kg in futures trade today as investors extended positions amid rising demand from consuming industries in the domestic spot market.

Furthermore, tight stocks position following restricted arrivals from Chandausi in in the physical market supported the upside in mentha prices.



At the Multi Commodity Exchange, mentha for delivery in current month gained Rs 6.60, or 0.71 per cent, to Rs 935.50 per kg, with a trading volume of 304 lots.

Similarly, the for delivery in July edged up by Rs 5.20, or 0.55 per cent, to Rs 947 per kg, with a business turnover of 45 lots.

Marketmen said a firming trend at the spot markets amid restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha prices at the futures trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Spot demand lifts mentha oil futures by 0.71 pc

Mentha oil prices were trading up by 0.71 per cent to Rs 935.50 per kg in futures trade today as investors extended positions amid rising demand from consuming industries in the domestic spot market. Furthermore, tight stocks position following restricted arrivals from Chandausi in Uttar Pradesh in the physical market supported the upside in mentha oil prices. At the Multi Commodity Exchange, mentha oil for delivery in current month gained Rs 6.60, or 0.71 per cent, to Rs 935.50 per kg, with a trading volume of 304 lots. Similarly, the oil for delivery in July edged up by Rs 5.20, or 0.55 per cent, to Rs 947 per kg, with a business turnover of 45 lots. Marketmen said a firming trend at the spot markets amid restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha oil prices at the futures trade. Mentha prices were trading up by 0.71 per cent to Rs 935.50 per kg in futures trade today as investors extended positions amid rising demand from consuming industries in the domestic spot market.

Furthermore, tight stocks position following restricted arrivals from Chandausi in in the physical market supported the upside in mentha prices.

At the Multi Commodity Exchange, mentha for delivery in current month gained Rs 6.60, or 0.71 per cent, to Rs 935.50 per kg, with a trading volume of 304 lots.

Similarly, the for delivery in July edged up by Rs 5.20, or 0.55 per cent, to Rs 947 per kg, with a business turnover of 45 lots.

Marketmen said a firming trend at the spot markets amid restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha prices at the futures trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Spot demand lifts mentha oil futures by 0.71 pc

Mentha prices were trading up by 0.71 per cent to Rs 935.50 per kg in futures trade today as investors extended positions amid rising demand from consuming industries in the domestic spot market.

Furthermore, tight stocks position following restricted arrivals from Chandausi in in the physical market supported the upside in mentha prices.

At the Multi Commodity Exchange, mentha for delivery in current month gained Rs 6.60, or 0.71 per cent, to Rs 935.50 per kg, with a trading volume of 304 lots.

Similarly, the for delivery in July edged up by Rs 5.20, or 0.55 per cent, to Rs 947 per kg, with a business turnover of 45 lots.

Marketmen said a firming trend at the spot markets amid restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha prices at the futures trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22