expressindia.indianexpress.com
expressindia web
HomeBlogsCricketAstrology ShoppingTendersClassifieds Reader Comments
Font Size
Expressindia » Story

Mentha oil extend gains, up 0.60% on strong demand

PTI

Posted: Jan 23, 2013 at 1541 hrs IST

New Delhi Mentha oil prices rose further by Rs 8.10 to Rs 1,336.50 per kg in futures trade today, largely on the back of domestic as well as exports demand amid reports of lower output this season.

The 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.

At the Multi Commodity Exchange, mentha oil for delivery in February edged higher by Rs 8.10, or 0.60 per cent, to Rs 1,336.50 per kg, clocking a business volume of 200 lots.

The oil for January contract traded higher by Rs 7.50, or 0.56 per cent, to Rs 1,323.40 per kg, with a trading volume of 593 lots.

Analysts said fresh positions created by speculators, following pick-up in export and domestic demand and lower arrivals from Chandausi in Uttar Pradesh mainly pushed up mentha oil prices at futures trade.

Print
 
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

BJP tears into UPA govt on 4th anniversary, says it lacks leadership

Sanjay Dutt shifted to Pune's Yerwada Jail

Sreesanth spent Rs 1.95L on clothes, bought friend BlackBerry, paid in cash: Police...

Jessica Lall murder: Actor Shayan Munshi, ballistic expert Manocha to face perjury tr...

India seeks access from US to 26/11 terror convicts Headley, Rana

India, China call for end to incursion issue, sign 8 deals to boost ties

Spot-Fixing: Sreesanth reveals bookies lured India players with cars, women

More
© The Indian Express Limited. All rights reserved
Advertise With Us | Privacy Policy | Feedback | Express Group | Site Map