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Mentha oil extends gains on rising demand

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:06 AM IST

Buoyed by a firming trend in the spot markets on rising demand, mentha oil prices were up by Rs 6.50 to Rs 1,558.90 per kg in futures market today.

At the Multi Commodity Exchange, mentha oil for delivery in February added Rs 6.50, or 0.42% to Rs 1,558.90 per kg in business turnover of 382 lots.

The March contract moved up by Rs 5.20, or 0.33% to Rs 1,565.10 per kg in 37 lots.

Analysts said apart from firming trend at the spot markets on strong demand, restricted arrivals from Chandausi in Uttar Pradesh also influenced mentha oil prices at futures market here.

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First Published: Feb 06 2012 | 12:57 PM IST

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