Mentha oil prices extended their gains for the third straight session in the futures market today, adding Rs 3 to Rs 1,301.30 per kg on rising demand from pharmaceutical units in the spot market amid restricted arrivals.
Mentha oil for delivery in December rose by Rs 3, or 0.23%, to Rs 1301.30 per kg on the Multi Commodity Exchange, with an open interest for 239 lots.
In a similar fashion, the oil for January contract delivery gained Rs 2.40, or 0.19%, to Rs 1,293 per kg in 16 lots.
Analysts said in addition to a firming trend in the spot market on the back of increased demand from pharmaceutical units, lower arrivals from the major producing region of Chandausi, in Uttar Pradesh, influenced mentha oil futures prices.
