Mentha oil gains 2.14% on industrial demand

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 3:02 AM IST

Mentha oil prices shot up by Rs 39 to Rs 1,865 per kg in futures trading today due to pick up in industrial and exports demand.

Restricted arrivals from the growing belts of Chandausi in Uttar Pradesh also supported the upsurge in mehtha oil.

At the Multi Commodity Exchange, the March contract for mentha oil shot up by Rs 39, or 2.14%, to Rs 1,865 per kg in business turnover of 1,950 lots.

The February contract jumped up by Rs 32.20, or 1.79%, to Rs 1,829 per quintal in 966 lots.

Analysts said besides pick up in industrial and export demand amid lower arrivals from Chandausi in Uttar Pradesh, mainly led to rise in  mentha oil prices at futures trade.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Feb 27 2012 | 1:42 PM IST

Next Story