Mentha oil up by 0.3% on rising demand

Fall in supplies from producing regions also supported the upside

Continued its rising streak for the third straight day, mentha oil prices moved up by 0.32% to Rs 930 per kg in futures trading today on speculative buying after firming demand at spot markets.

Rising demand from consuming industries amid fall in supplies from producing regions supported the upside, analysts said.

At the Multi Commodity Exchange, mentha oil for delivery in September advanced by Rs 3, or 0.32%, to Rs 930 per kg in business turnover of 153 lots.

Similarly, the oil for delivery in October traded higher by Rs 2.80, or 0.30% to Rs 942.50 per kg in 26 lots.
 
Market analysts said besides fall in arrivals from producing centres in physical market, rising demand from consuming industries kept mentha oil prices higher at futures trade.