Mentha oil up by 0.2% on spot demand

Restricted supplies from producing regions also influenced prices

Amid pick up in domestic demand and restricted supplies from producing regions, mentha oil prices edged up by 0.23% to Rs 924.70 per kg in futures trade today as participants enlarged their positions.

At the Multi Commodity Exchange, mentha oil for delivery in far-month April rose by Rs 2.10 or 0.23% to Rs 924.70 per kg in a business turnover of 6 lots.

Similarly, the oil for delivery in March contracts traded higher by Rs 1.60 or 0.18% to Rs 913 per kg in 107 lots.

Analysts said widening of positions by traders on the back of pick up in demand from consuming industries in the spot market amid restricted supplies from Chandausi in Uttar Pradesh led to the rise in mentha oil prices at futures trade.