Mentha oil gets a better foothold

Mentha oil prices ruled firm in domestic futures market on Thursday, riding on higher demand coupled with restricted arrival from producing regions.

Around 12 pm, MCX Mentha oil futures were at Rs 1,698 per kg, up by Rs 14.50, or 0.86 per cent.

According to PTI, raising of bets by speculators, driven by surging demand from consuming industries at the spot market against limited supplies from Chandausi, drove mentha oil prices higher in futures trade.

Bullion prices moved down in the domestic futures market as US Fed chief’s dovish comment triggered a rally in equities.

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