Mentha oil prices surged by Rs 29 to Rs 1,416 per kg in futures trade today as speculators created fresh positions on the back of a pick-up in demand from pharmaceutical units in the spot market.
The tight stocks position in the physical market due to lower arrivals from producing regions in Uttar Pradesh also influenced mentha oil futures prices.
At the Multi Commodity Exchange, January mentha oil surged by Rs 29, or 2.09%, to Rs 1,416 per kg, with a business turnover of 1,958 lots.
The February contract shot up by Rs 27.20, or 1.95%, to Rs 1,407.30 per kg in 379 lots.
Market analysts said besides a pick-up in spot demand, restricted arrivals from Chandausi, in Uttar Pradesh, gave a boost to mentha oil prices in futures trade.
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