Snapping a three-day losing streak, mentha oil prices rebounded by Rs 28 to Rs 1,194 per kg in futures trade today as speculators created fresh positions, driven by pick-up in industrial demand.
Tight supplies from producing region, Chandausi in Uttar Pradesh, also supported the recovery move in mentha oil prices at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in June rose by Rs 28, or 2.40%, to Rs 1,194 per kg in business turnover of 563 lots.
The May contract gained Rs 24.80, or 2.15%, to Rs 1,180 per kg in 108 lots.
Marketmen said recovery in mentha oil futures to a pick-up in industrial demand amid less arrivals from Chandausi in Uttar Pradesh.
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