 "Mentha oil up 0.5% on higher demand")
Mentha oil remained up for the second straight day and prices rose 0.56% to Rs 876 per kg in futures trade today as speculators enlarged their positions on higher demand from consuming industries in the spot market.
Besides, lower arrivals from producing regions further fuelled the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in April moved up by Rs 4.90, or 0.56%, to Rs 876 per kg in a business turnover of 213 lots.
Analysts said speculators enlarged positions on the back of higher demand from consuming industries against lower arrivals from Chandausi in Uttar Pradesh that mainly kept mentha oil prices up for the second day at futures trade.
Besides, lower arrivals from producing regions further fuelled the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in April moved up by Rs 4.90, or 0.56%, to Rs 876 per kg in a business turnover of 213 lots.
Also Read
In a similar fashion, the oil for delivery in May traded higher by Rs 4.10, or 0.47%, to Rs 885.40 per kg in 32 lots.
Analysts said speculators enlarged positions on the back of higher demand from consuming industries against lower arrivals from Chandausi in Uttar Pradesh that mainly kept mentha oil prices up for the second day 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%