Mentha oil prices were trading up by 0.22 per cent to Rs 1,070.50 per kg in futures market today as participants raised holdings amid surging domestic demand at spot market and restricted arrivals from producing regions.
At the Multi Commodity Exchange, mentha oil for delivery in August rose by Rs 2.40, or 0.22 per cent, to Rs 1,070.50 per kg in a business turnover of 504 lots.
Likewise, the oil for delivery in July edged up by Rs 1.20, or 0.11 per cent, to Rs 1,059.50 per kg in 22 lots.
Analysts said raising of bets by traders, driven by rising demand from consuming industries in the spot market against restricted supplies from Chandausi, mainly attributed the rise in mentha oil prices at futures trade.
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