Mentha oil prices rebounded by 3 per cent to Rs 997.20 per kg in futures market today as speculators indulged in built up fresh positions amid uptick in demand from consuming industries in the spot market.
At the Multi Commodity Exchange, mentha for delivery in November month shot up by Rs 29 or 3 per cent to Rs 997.20 per kg in business turnover of 212 lots.
On similar lines, the oil for delivery in December month contracts traded higher by Rs 29.30, or 2.99 per cent to Rs 1,007.80 per kg in 53 lots.
Analysts said besides pick up in demand from consuming industries in the physical market, fall in supplies from producing belts mainly attributed the rise in mentha oil prices at futures trade.
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