 "Mentha oil up 0.5% on strong demand")
Mentha oil gained 0.55% to Rs 826.50 per kg in futures trading today as speculators indulged in creating fresh positions, driven by strong domestic as well as export demand in the spot market.
Tight stocks position in the physical market due to less arrivals from Chandausi in Uttar Pradesh also supported the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in March gained Rs 4.50, or 0.55% to Rs 826.50 per kg in business turnover of 239 lots.
Analysts said fresh positions built-up by speculators due to strong domestic as well as export demand in the spot market amid lower arrivals from Chandausi in Uttar Pradesh mainly led to rise in mentha oil prices at futures trade.
Tight stocks position in the physical market due to less arrivals from Chandausi in Uttar Pradesh also supported the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in March gained Rs 4.50, or 0.55% to Rs 826.50 per kg in business turnover of 239 lots.
Also Read
In a similar fashion, the oil for delivery in April traded higher by Rs 4.60, or 0.55% to Rs 836 per kg in 53 lots.
Analysts said fresh positions built-up by speculators due to strong domestic as well as export demand in the spot market amid lower arrivals from Chandausi in Uttar Pradesh mainly led to rise in mentha oil prices at futures trade.
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%