- Menthaoil trading range for the day is 1247.3-1342.7.
- Mentha oil spot at Sambhal closed at 1462.20 per 1kg. Spot prices was up by Rs.29.80/-.
- Mentha oil gains on short covering after prices dropped driven by subdued demand from consuming industries at the spot market.
- Anticipation of bumper crop harvest and nearing of harvesting season also weighing on prices.
- As per preliminary estimates, acreage under mentha crop will rise this year as the farmers are encouraged by higher price in recent past.
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