Mentha oil prices gained Rs 9.30 to Rs 864.30 per kg in futures trade today as traders created fresh positions, driven by pick-up in spot market demand.
At the Multi Commodity Exchange, mentha oil for delivery in July gained Rs 9.30, or 1.08% to Rs 864.30 per kg, with a trading volume of 55 lots.
The oil prices for June delivery also rose by Rs 8.10, or 0.94% to Rs 868.30, with a trade volume of 230 lots.
Similarly, the oil for delivery in May rose by Rs 4.20, or 0.48% to Rs 868 per kg, with a business turnover of 365 lots.
Market analysts said a better trend in the spot markets on the back of pick-up in demand amid lower arrivals from Chandausi in Uttar Pradesh, mainly pushed up mentha oil prices at futures trade.
