Mentha oil futures rise on pick-up in demand

Mentha oil prices rose by 1.34 per cent to Rs 926 per kg in futures trade today as speculators strengthened their holdings on the back of pick-up in demand from consuming industries at the domestic spot markets.
Furthermore, restricted supplies from major producing regions of Chandausi in Uttar Pradesh also supported the upside in mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in current month was up by Rs 12.20 or 1.34 per cent to Rs 926 per kg, clocking a business volume of 1,065 lots.
Also, the oil for delivery in August traded higher by Rs 11.80 or 1.28 per cent to Rs 936.20 per kg, with a trading volume of 531 lots.

Analysts said rising demand from consuming industries at spot markets mainly supported the increase in mentha prices at futures trade here.