Mentha oil futures prices gain 1.83% on strong domestic demand

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SummaryMentha oil prices gained 1.83 per cent to Rs 1,383 per kg in futures trade today.

Mentha oil prices gained 1.83 per cent to Rs 1,383 per kg in futures trade today on strong domestic as well as export-related demand against restricted arrivals from producing belts.

At the Multi Commodity Exchange, mentha oil for delivery in December shot up by Rs 24.80, or 1.83 per cent, to Rs 1,383 per kg in business turnover of 1,091 lots.

Similarly, the oil for delivery in November jumped by Rs 24.

10, or 1.79 per cent, to Rs 1,368 per kg in 273 lots.

Market analysts said strong domestic and export-related demand in the spot market against limited arrivals from producing belts mainly pushed up mentha oil prices at futures trade.

They added that reports of lower output this year also supported the uptrend.

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