Mentha oil up 0.5% on higher export and local demand

Oil for April contracts traded higher by 0.54%

Mentha oil extended gains today with prices rising 0.59% to Rs 809.20 per kg in futures trade today on the back of increased domestic as well as exports demand.

The trading 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 March rose by Rs 4.80, or 0.59%, to Rs 809.20 per kg, clocking a business volume of 216 lots.

The oil for April contracts traded higher by Rs 4.40, or 0.54%, to Rs 819 per kg, with a trading volume of 38 lots.