Mentha oil rises by 0.7% on spot demand
Restricted supplies also influenced prices
 "Mentha oil rises by 0.7% on spot demand")
Amid pick up in demand from consuming industries at spot markets and tight supplies from producing belts, mentha oil prices rose 0.67% to Rs 930.40 per kg in futures trade today as speculators enlarged positions.
At the Multi Commodity Exchange, mentha oil for delivery in July month moved up by Rs 6.20, or 0.67% to Rs 930.40 per 10 kg in business turnover of 261 lots.
Likewise, the oil for delivery in August was trading higher by Rs 5.60, or 0.60% to Rs 944.40 per kg in 239 lots.
Market analysts attributed the rise in mentha oil futures to pick up in demand from consuming industries against restricted supplies from Chandausi in Uttar Pradesh.
At the Multi Commodity Exchange, mentha oil for delivery in July month moved up by Rs 6.20, or 0.67% to Rs 930.40 per 10 kg in business turnover of 261 lots.
Likewise, the oil for delivery in August was trading higher by Rs 5.60, or 0.60% to Rs 944.40 per kg in 239 lots.
Market analysts attributed the rise in mentha oil futures to pick up in demand from consuming industries against restricted supplies from Chandausi in Uttar Pradesh.