 "Mentha oil rises by 2.3% on spot demand")
Mentha oil moved up by 2.31% to Rs 739 per kg in futures market today as traders built up positions triggered by rising demand from consuming industries in the spot market.
Further, tight stock position following restricted arrivals from producing regions supported the upside.
At the Multi Commodity Exchange, mentha oil for delivery in January was up Rs 16.70, or 2.31%, to Rs 739 per kg in business turnover of 418 lots.
Analysts said speculators created fresh positions on the back of a rise in demand from consuming industries in the spot market. Restricted supplies from Chandausi in Uttar Pradesh also helped mentha oil prices to rise at futures trade.
Further, tight stock position following restricted arrivals from producing regions supported the upside.
At the Multi Commodity Exchange, mentha oil for delivery in January was up Rs 16.70, or 2.31%, to Rs 739 per kg in business turnover of 418 lots.
Also Read
Similarly, oil for delivery in December traded higher by Rs 15.60, or 2.19%, to Rs 727 per kg in 970 lots.
Analysts said speculators created fresh positions on the back of a rise in demand from consuming industries in the spot market. Restricted supplies from Chandausi in Uttar Pradesh also helped mentha oil prices to rise 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%