 "Mentha oil up 0.2% on strong demand")
Mentha oil prices gained 0.29% to Rs 831.50 per kg in futures trading today as speculators created fresh positions, driven by strong demand from consuming industries in the spot markets against less arrivals from producing regions.
At the Multi Commodity Exchange, mentha oil for delivery in January rose by Rs 2.40, or 0.29%, to Rs 831.50 per kg in business turnover of 43 lots.
Similarly, the oil for delivery in February traded higher by Rs 1.40, or 0.17%, to Rs 842.50 per kg in 3 lots.
Analysts said speculators created fresh positions on the back of strong demand from consuming industries in the spot market against less arrivals from Chandausi in Uttar Pradesh that led to rise in mentha oil prices at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in January rose by Rs 2.40, or 0.29%, to Rs 831.50 per kg in business turnover of 43 lots.
Similarly, the oil for delivery in February traded higher by Rs 1.40, or 0.17%, to Rs 842.50 per kg in 3 lots.
Analysts said speculators created fresh positions on the back of strong demand from consuming industries in the spot market against less arrivals from Chandausi in Uttar Pradesh that led to rise in mentha oil prices at 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 →*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
SAVE 25%