 "Mentha oil sheds 1.08% on higher supply, low demand")
Mentha oil prices fell by 1.08 per cent to Rs 835 per kg in futures trading today as speculators trimmed positions, triggered by higher supplies in the spot markets from producing regions.
At the Multi Commodity Exchange, mentha oil for delivery in May declined by Rs 9.10, or 1.08 per cent to Rs 835 per kg in business turnover of 324 lots.
The June contract traded lower by Rs 8.60, or 1.01 per cent to Rs 847 per kg in 220 lots.
Analysts said the fall in mentha oil prices at futures trade was mostly attributed to offloading of positions by speculators, triggered by higher supplies from Chandausi in Uttar Pradesh against subdued demand from consuming industries.
At the Multi Commodity Exchange, mentha oil for delivery in May declined by Rs 9.10, or 1.08 per cent to Rs 835 per kg in business turnover of 324 lots.
The June contract traded lower by Rs 8.60, or 1.01 per cent to Rs 847 per kg in 220 lots.
Analysts said the fall in mentha oil prices at futures trade was mostly attributed to offloading of positions by speculators, triggered by higher supplies from Chandausi in Uttar Pradesh against subdued demand from consuming industries.
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%