 "Mentha oil slides by 0.6% on low demand")
Mentha oil prices were down by 0.59% to Rs 933.70 per kg in futures trading today as speculators trimmed positions amid subdued demand from consuming industries in the spot market.
Further, ample stocks in the physical markets on increased arrivals from producing regions put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in September month moved down by Rs 5.50, or 0.59% to Rs 933.70 per kg in business turnover of 60 lots.
Analysts attributed fall in mentha oil prices to subdued demand from consuming industries in the spot market against increased arrivals from Chandausi in Uttar Pradesh.
Further, ample stocks in the physical markets on increased arrivals from producing regions put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in September month moved down by Rs 5.50, or 0.59% to Rs 933.70 per kg in business turnover of 60 lots.
Also Read
Likewise, the oil for delivery in August contracts eased by Rs 4.50, or 0.48% to Rs 923.50 per kg in 426 lots.
Analysts attributed fall in mentha oil prices to subdued demand from consuming industries in the spot market against increased arrivals from Chandausi in Uttar Pradesh.
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%