Mentha oil prices moved up by 0.45 per cent to Rs 855.30 per kg in futures trade today as speculators widened their belts on the back of upsurge in demand from consuming industries at the spot market.
Besides, tight stocks position due to restricted arrivals from major producing belts of Chandausi in Uttar Pradesh support the upside.
At the Multi Commodity Exchange, mentha oil for delivery in June rose by Rs 3.80, or 0.45 per cent, to Rs 855.30 per kg, in a business turnover of 91 lots.
Likewise, the oil for delivery in May edged up by Rs 3.70, or 0.43 per cent, to Rs 857.50 per kg in 22 lots.
Analysts said building up of positions by participants on the back of pick up in demand from consuming industries in the spot markets against restricted supplies from Chandausi in Uttar Pradesh led to the rise in mentha oil prices at futures trade.
