Mentha oil extend gains, up 0.95% on rising demand

Continuing its rising streak for the third straight day, mentha oil prices gain 0.95 per cent to Rs 1,535.80 per kg in futures trade today as speculators raised bets, tracking a firm trend in the spot market.
At the Multi Commodity Exchange, mentha oil for delivery this month rose 14.50, or 0.95 per cent, to Rs 1,535.80 per kg in business turnover of 65 lots.
On similar lines, the oil for delivery in February was trading higher by Rs 12.70, or 0.83 per cent, to Rs 1,552 per kg in 28 lots.
Marketmen said besides strong demand from consuming industries in the spot market, tight stocks position on fall in supplies from Chandausi, kept mentha oil prices higher at futures trade.