NEW DELHI: Amid pick up in demand from consuming industries at spot markets and tight supplies from producing belts, mentha oil prices rose 0.67% to Rs 930.40 per kg in futures trade today as speculators enlarged positions.
At the Multi Commodity Exchange, mentha oil for delivery in July month moved up by Rs 6.20, or 0.67% to Rs 930.40 per 10 kg in business turnover of 261 lots.
Likewise, the oil for delivery in August was trading higher by Rs 5.60, or 0.60% to Rs 944.40 per kg in 239 lots.
Market analysts attributed the rise in mentha oil futures to pick up in demand from consuming industries against restricted supplies from Chandausi in Uttar Pradesh.
