Spot demand lifts mentha oil futures by 0.57%

Image
Press Trust of India New Delhi
Last Updated : Feb 22 2016 | 12:32 PM IST
Mentha oil prices were up by 0.57 per cent to Rs 944 per kg in futures trade today after participants enlarged positions, supported by firming trend at the spot market on pick-up in demand from consuming industries.
Further, tight stocks position following restricted arrivals from Chandausi in Uttar Pradesh in the physical market supported the upside in mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in February gained Rs 5.40, or 0.57 per cent, to Rs 944 per kg, with a trading volume of 497 lots.
Similarly, the oil for delivery in March month edged up by Rs 5.40, or 0.56 per cent, to Rs 955 per kg, with a business turnover of 248 lots.
Marketmen said a firming trend at the spot market amid restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha oil prices at the futures trade.
*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

More From This Section

First Published: Feb 22 2016 | 12:32 PM IST

Next Story