Mentha oil rose by Rs 20.20 to Rs 1,410.50 per kg in futures trade today on traders creating positions on account of good demand from consuming industries and lower arrivals from producing areas.
Sentiment improved further due to increased domestic as well as exports demand in the midst of reports of lower output this season.
At the Multi Commodity Exchange, December mentha oil rose by Rs 20.20, or 1.45%, to Rs 1,410.50 per kg, clocking a business volume of 1,879 lots.
The January contract traded higher by Rs 19.90, or 1.41%, to Rs 1,423.40 per kg, with a trading volume of 378 lots.
Analysts said pick-up in export and domestic demand and lower arrivals from Chandausi in Uttar Pradesh mainly pushed up mentha oil prices at futures trade.
