 "Mentha oil up 0.8% on rising demand")
Mentha oil prices rose 0.81% to Rs 721.80 per kg in futures trade today as speculators enlarged positions amid rising demand from consuming industries in the spot market.
Besides, tight stocks in the physical market due to restricted arrivals from producing regions further fuelled the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in July moved up by Rs 5.80, or 0.81%, to Rs 721.80 per kg in a business turnover of 301 lots.
Market analysts said the rise in mentha oil at futures trade was due to a pick-up in demand from consuming industries in the spot market against restricted arrivals from Chandausi in Uttar Pradesh.
Besides, tight stocks in the physical market due to restricted arrivals from producing regions further fuelled the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in July moved up by Rs 5.80, or 0.81%, to Rs 721.80 per kg in a business turnover of 301 lots.
Also Read
Similarly, the oil for delivery in August traded higher by Rs 5.30, or 0.73%, to Rs 735.20 per kg in 144 lots.
Market analysts said the rise in mentha oil at futures trade was due to a pick-up in demand from consuming industries in the spot market against restricted 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 →*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%