Mentha oil extended gains for the fourth straight day by gaining Rs 10.40 to Rs 1,684.30 per kg in futures trade today as speculators enlarged their ositions, tracking a firming trend at spot market following pick-up in demand.
At the Multi Commodity Exchange, the February contract for mentha oil gained Rs 10.40, or 0.62%, to Rs 1,684.30 per kg in business turnover of 468 lots.
The March contract traded higher by Rs 10.10, or 0.59%, to Rs 1,715.60 per kg in 359 lots.
Marketmen said pick-up in demand against less arrivals from Chandausi in Uttar Pradesh mainly kept mentha oil futures remain higher for the fourth straight day.
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