Mentha oil remains up on spot, exports demand

Buoyed by the strong spot and exports demand, mentha oil futures prices rose by another Rs 7.40 to Rs 1,144.60 per kg today. 

At the Multi Commodity Exchange counter, mentha oil for delivery in January gained Rs 7.40, or 0.65 per cent to  Rs 1,144.60 per kg, with a business volume of 287 lots, while December contract was up by Rs 5.70, or 0.50 per cent to Rs 1,129 per kg, with a trading volume of 1,115 lots. 

Similarly, the oil for February month contract surged by Rs 3.50 or 0.30 per cent to Rs 1,147 per kg, with an open interest of 62 lots.

Analysts said fresh positions created by speculators, supported by pick up in domestic and export demand, mainly pushed up mentha oil futures prices.