Mentha oil futures prices rose by Rs 12.70 to Rs 1,394.80 per kg today, as traders created fresh positions driven by a pick-up in spot demand amid low arrivals.
Rising demand from exporters and pharma industries also supported the uptrend.
At the Multi Commodity Exchange, December mentha oil rose by Rs 12.70, or 0.91%, to Rs 1,394.80 per kg, with a business volume of 23 lots, while November contract was up by Rs 12.50, or 0.90%, to Rs 1,393.70 per kg, with a trading volume of 195 lots.
The October contract surged Rs 12.20, or 0.88%, to Rs 1,387.90 per kg, with an open interest of 429 lots.
Market analysts said fresh positions created by speculators, supported by a pick-up in domestic and export demand, pushed up mentha oil prices in futures trade.
They said pick-up in buying activity by pharma companies due to beginning of winter season also supported the uptrend.
