Mentha oil futures edge higher on uptick in demand

Image
Press Trust of India New Delhi
Last Updated : Jan 02 2017 | 12:07 PM IST
Mentha oil prices rose 0.99 per cent to Rs 1,063.30 per kg in futures trade on the first trading day of 2017 today as participants built up fresh bets amid uptick in demand from major consuming industries in the domestic spot market.
Further, tight stocks position on restricted supplies from major producing belts of Chandausi in Uttar Pradesh, too supported the rise in mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in far-month February gained Rs 10.40, or 0.99 per cent, to Rs 1,063.30 per kg, with a trading volume of 19 lots.
Similarly, the oil for delivery in January edged up by Rs 10.10, or 0.97 per cent, to Rs 1,055.90 per kg, with a business turnover of 270 lots.
Marketmen said a firming trend at spot markets amid restricted supplies from Chandausi in Uttar Pradesh mainly influenced mentha oil prices at futures trade here.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Jan 02 2017 | 12:07 PM IST

Next Story