 "Mentha oil up 0.4% on spot demand")
Mentha oil moved up by 0.41% to Rs 827 per kg in futures market today after speculators built up positions triggered by rising demand from consuming industries in spot markets.
Further, tight stocks position following restricted arrivals from producing region supported the upside.
At the Multi Commodity Exchange, mentha oil for delivery in December moved up by Rs 3.40, or 0.41%, to Rs 827 per kg in business turnover of 76 lots.
Analysts said speculators created fresh positions on the back of a rise in demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh, helped mentha oil prices to rise at futures trade.
Further, tight stocks position following restricted arrivals from producing region supported the upside.
At the Multi Commodity Exchange, mentha oil for delivery in December moved up by Rs 3.40, or 0.41%, to Rs 827 per kg in business turnover of 76 lots.
Also Read
Similarly, oil for delivery in January traded higher by Rs 3, or 0.36%, to Rs 837.80 per kg in 54 lots.
Analysts said speculators created fresh positions on the back of a rise in demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh, helped mentha oil prices to rise 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%