Mentha oil prices rose 1.65 per cent to Rs 1,166.90 per kg in futures market today after participants raised their bets, taking positive cues from the spot market on pick up in demand from consuming industries.
Restricted supplies from the major producing belts of Chandausi in Uttar Pradesh too supported the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in the current month contract was higher by Rs 19, or 1.65 per cent, to Rs 1,166.90 per kg, clocking a business volume of 191 lots.
The oil for July delivery was trading higher by Rs 14.20, or 1.22 per cent, at Rs 1,182 per kg, with a trading volume of just one lot.
Marketmen said raising of bets by speculators, driven by surging demand from consuming industries at the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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