The Hindu Business Line : Mentha oil hits upper circuit

Mumbai, June 17 Mentha oil futures continued its bull run to hit the upper circuit of four per cent on MCX on Tuesday. It closed higher at Rs 510 a kg on concerns of crops damage in Uttar Pradesh due to the recent rains. Cardamom gained 1.88 per cent to Rs 706 a kg on strong demand in the spot markets. Jeera and soyabean futures which opened strong on NCDEX hit the upper circuit, but fell sharply to end the day in the red. Soyabean touched the day’s high of Rs 2,748 crore fell down to close at Rs 2,649 a quintal, down 0.45 per cent over previous day’s close.

Guarseed gains

Reports of crop damage in the US due to incessant rain have pushed soyabean futures in the Chicago Board of Trade. Solvent Extractors’ Association has released encouraging data on soya meal export data.

Guarseed was up 1.94 per cent at Rs 1,789 a quintal on short covering.

Barley fell 1.2 per cent to Rs 1,363 a quintal on profit booking after the recent sharp rally in prices. RM seed was down 0.41 per cent to Rs 657 per 20 kg following long liquidation.

MCX recorded a turnover of Rs 6,910 crore up to 5 pm, while it was Rs 2,184 crore on NCDEX.

More Stories on : Commodity Markets | Commodity Exchanges

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rains pound East as depression crosses in

AP to have 10 new circles for minor irrigation

Dry lands development scheme

Struggle for survival

Irrational exuberance on food front

Spot rubber gains

AP ploughing back water service charges to farmers’ organisations

Amul turnover up 23%

Mentha oil hits upper circuit

‘Post-harvest technology needs large investments’

Course on feed manufacturing tech