Mentha oil futures prices extend gain, up 0.65 pc on increased demand

Nov 20 2012, 12:10 IST
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SummaryMentha oil prices moved up further by Rs 8.10 to Rs 1,263 per kg in futures trade today.

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, mentha oil for delivery in November rose further by Rs 8.10, or 0.65 per cent, to Rs 1,263 per kg in business turnover of 1,199 lots.

Likewise, the oil for delivery in the December contract traded higher by Rs 7.90, or 0.62 per cent, 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.

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