Rising demand lifts mentha oil by 0.2%

Restricted supplies from producing regions also affected prices

Amid rising demand in the spot market and restricted supplies from producing regions, mentha oil prices were higher by 0.23% to Rs 933 per kg in futures trade today as speculators enlarged positions.

At the Multi Commodity Exchange, mentha oil for delivery in December month gained Rs 2.10, or 0.23% to Rs 933 per kg in business turnover of 17 lots.

In a similar fashion, the oil for delivery in November contracts edged up by Rs 1.20, or 0.13% to Rs 920 per kg in 198 lots.

Analysts said besides rising demand from consuming industries in the spot markets, fall in supplies from Chandausi in Uttar Pradesh mainly kept mentha oil prices higher at futures trade.