Mentha oil prices rose by Rs 4.50 to Rs 750.90 per kg in futures trading today on fresh buying by traders following pick up in demand in the spot market.
Restricted arrivals from Chandausi in Uttar Pradesh and increased offtake by pharmaceutical units also supported the uptrend in futures market.
At the Multi Commodity Exchange, mentha for far-month August contract rose by Rs 4.50, or 0.60 per cent to Rs 750.90 per kg with an open interest of 988 lots.
Similarly, the oil for delivery in June gained by Rs 3.50, or by 0.49 per cent to Rs 712.50 per kg in 2627 lots.
Marketmen said fresh buying by traders due to pick up in demand at physical markets as well as pharmaceutical units along with restricted arrivals from producing centres in Uttar Pradesh, helped mentha prices to trade higher at futures market here.
