Mentha oil extends gain, up 0.65% on increased demand

Mentha oil prices moved up further by Rs 8.10 to Rs 1,263 per kg in futures trade today on increased domestic as well as export demand.

Restricted arrivals from producing regions also supported the uptrend.

At the Multi Commodity Exchange, the November contract rose further by Rs 8.10, or 0.65%, to Rs 1,263 per kg in business turnover of 1,199 lots.

The December contract traded higher by Rs 7.90, or 0.62%, to Rs 1,275.70 per kg in 404 lots.

Market analysts attributed the rise in mentha oil futures to increased domestic as well as export demand against less arrivals from producing belts.