Mentha oil futures rise 1.04% on rising demand

Mentha oil prices were higher over 1 per cent to Rs 923 per kg in futures market today as participants enlarged positions on the back of rising demand from consuming industries in the spot market.
Furthermore, tight stocks position in the physical market on fall in arrivals from producing belts fuelled the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in November rose by Rs 9.50, or 1.04 per cent, to Rs 923 per kg, in a business turnover of 130 lots.
Likewise, the oil for delivery in October traded higher by Rs 9.30, or 1.03 per cent, to Rs 914 per kg in 344 lots.

Analysts said widening of positions on the back of rising demand from consuming industries in the spot market against restricted supplies from Chandausi, mainly influenced mentha oil prices at futures trade.