Mentha oil futures extend gains, up 0.66% on rising demand

Image
Press Trust of India New Delhi
Last Updated : Aug 13 2015 | 12:42 PM IST
Extending yesterday's gain, mentha oil prices advanced by 0.66 per cent to Rs 960.70 per kg in futures trade today as speculators enlarged positions, driven by rising demand from consuming industries in the spot market.
Furthermore, tight stocks position in the physical market on restricted supplies from producing region supported the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in September rose Rs 6.30, or 0.66 per cent to Rs 960.70 per kg in business turnover of 134 lots.
Likewise, the oil for delivery in August traded higher by Rs 6 or 0.64 per cent to Rs 949.40 per kg in 483 lots.
Analysts said besides rising demand from consuming industries in the spot market against restricted arrivals from Chandausi in Uttar Pradesh mainly kept mentha oil prices higher at futures trade.
*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: Aug 13 2015 | 12:42 PM IST

Next Story