Mentha oil prices continued to show an upward trend and gathered another Rs 4.70, or 0.58 per cent, to Rs 814.60 per kg in futures trade today in line with a firming trend in the spot market.
Restricted arrivals from producing belts in Uttar Pradesh also put pressure on the prices.
At the Multi Commodity Exchange counter, mentha oil for September contract added Rs 4.70, or 0.58 per cent, to Rs 814.60 per kg, with a trading volume of 568 lots.
The October delivery stock gained Rs 4.10, or 0.49 per cent, to Rs 825.50 per kg, with an open interest of 221 lots.
Similarly, the oil for delivery in November contract traded Rs four, or 0.48 per cent, higher to Rs 836 per kg, with a business volume of 76 lots.
Traders said increased demand in spot market against restricted arrivals from producing regions mainly pushed up mentha oil prices at futures market.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app