Mentha oil prices rose by Rs 9.40 to Rs 1,354.90 per kg in futures trade today, as traders enlarged their holdings tracking a rise in the industrial demand in spot markets.
Restricted supply from the growing belts of Chandausi, in Uttar Pradesh also supported the prices.
At the Multi Commodity Exchange, November mentha oil rose by Rs 9.40, or 0.70%, to Rs 1,354.90 per kg, clocking a business volume of 963 lots.
The December contract traded higher by Rs 8.80, or 0.65%, to Rs 1,348.30 per kg, with a trading volume of 209 lots, while January delivery prices rose by Rs 4.20, or 0.31%, to Rs 1,341.70 per kg, with a trade turnover of 13 lots.
Analysts said fresh buying by traders following pick-up in spot demand and lower arrivals from Chandausi in Uttar Pradesh mainly pushed up mentha oil prices at futures trade.
Increasing demand from pharmaceutical Industries also kept mentha oil prices higher in the futures market, they said.