 "Uptick in demand lifts mentha oil by 0.4%")
Amid pick-up in domestic demand and restricted supplies from producing regions, mentha oil prices edged up 0.39% to Rs 907.80 per kg in futures trade.
At Multi Commodity Exchange, mentha oil for delivery in far-month December edged higher by Rs 3.50, or 0.39%, to Rs 907.80 per kg in a business turnover of 21 lots.
Likewise, the oil for delivery in November contracts traded higher by Rs 2.20, or 0.25%, to Rs 894 per kg in 216 lots.
Analysts said fresh positions built up by speculators on the back of pick-up in demand from consuming industries in the spot markets against restricted supplies from Chandausi in Uttar Pradesh led to rise in mentha oil prices in futures trade.
At Multi Commodity Exchange, mentha oil for delivery in far-month December edged higher by Rs 3.50, or 0.39%, to Rs 907.80 per kg in a business turnover of 21 lots.
Likewise, the oil for delivery in November contracts traded higher by Rs 2.20, or 0.25%, to Rs 894 per kg in 216 lots.
Analysts said fresh positions built up by speculators on the back of pick-up in demand from consuming industries in the spot markets against restricted supplies from Chandausi in Uttar Pradesh led to rise in mentha oil prices in futures trade.