Buoyed by a pick-up in industrial demand, mentha oil prices shot up by Rs 20.10 to Rs 1,541.50 per kg in the futures market today.
Tight stocks availability in the physical market, following restricted arrivals from the growing belts of Chandausi in Uttar Pradesh further fuelled the uptrend in mentha oil prices at futures market.
At the Multi Commodity Exchange, mentha oil for delivery in February shot up by Rs 20.10, or 1.32%, to Rs 1,541.50 per kg, with a business turnover of 599 lots.
In a similar fashion, the oil for delivery in January moved up by Rs 15.60, or 1.10% to Rs 1,522.20 per kg in 1,528 lots.
Analysts said besides, pick up in industrial demand, tight stocks availability in the physical market due to less arrival from Chandausi in Uttar Pradesh, mainly pushed up mentha oil prices at futures trade.
