Mentha oil prices rose 1.24 per cent to Rs 1,697.90 per kg in futures trade today as participants increased their bets following rise in demand from consuming industries at the spot markets.
Moreover, tight stocks position on restricted supplies from major growing regions of Chandausi in Uttar Pradesh also supported the uptrend in mentha oil prices.
At the Multi Commodity Exchange, mentha oil for September contract was trading higher by Rs 20.80, or 1.24 per cent, to Rs 1,697.90 per kg with a business volume of 293 lots.
The oil for October rose by Rs 20.70, or 1.22 per cent, to Rs 1,713 per kg with a trading volume of 45 lots.
Marketmen said widening of positions by traders following pick-up in demand from consuming industries 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