Spot demand lifts mentha oil futures by 0.09%

Mentha oil prices traded higher by 0.09 per cent to Rs 915.70 per kg in futures trade today as participants built up fresh positions amid pick up in demand from consuming industries at the spot market.
At the Multi Commodity Exchange, mentha oil for delivery in October edged up by 80 paise or 0.09 per cent to Rs 915.70 per kg in business turnover of 15 lots.
Similarly, the oil for delivery in September contracts traded higher by 40 paise or 0.04 per cent to Rs 905 per kg in 152 lots.
Analysts said fresh positions created by traders due to pick up in demand from consuming industries in the spot markets against restricted supplies from Chandausi led to rise in mentha oil prices in futures trade.