For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Strong buying interest lifts Mentha oil futures

By Religare
|

Mentha oil prices rose by 1.07 per cent on Thursday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for August 2015 contract, at MCX, were trading at Rs. 953.50 per kg, up by 1.07 per cent after opening at Rs. 945.60 against the previous closing price of Rs. 943.40. It touched the intra-day high of Rs. 956 till the trading. (At 2.45 PM today).

 

Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh.

About 80 per cent of the crop in India comes from Uttar Pradesh (Rampur, Moradabad, Bareilly, Barabanki and Badaun) and the balance 20 per cent from Punjab, Himachal Pradesh and Haryana.

Story first published: Thursday, August 20, 2015, 23:00 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more