Mentha oil gained Rs 1.30 or 0.17 per cent to Rs 756 per kg in futures trade today, as traders created fresh positions on pick up in demand in spot markets.
Restricted arrivals from Chandausi in Uttar Pradesh and fresh enquiries from the pharmaceutical units also supported the uptrend in futures market.
At the Multi Commodity Exchange, mentha for June-month contract gained Rs 1.30 or 0.17 per cent to Rs 756 per kg, with an open interest of 2,936 lots.
The oil for delivery in July contract also traded higher by a rupee, or 0.13 per cent to Rs 763.80 per kg, with an open interest of 1,984 lots.
Marketmen said fresh buying by traders followed by pick up in demand at spot markets against restricted arrivals from arrivals from Chandausi in Uttar Pradesh helped mentha prices to gain fresh ground 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