Spot demand lifts mentha oil futures by 1.95%

Mentha oil prices were up by 1.95 per cent to Rs 982.20 per kg in futures trade today as investors extended their positions amid rising demand from consuming industries in the domestic spot market.
Further, tight stocks position following restricted arrivals from Chandausi in Uttar Pradesh in the physical market supported the upside in mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in current month gained Rs 18.80, or 1.95 per cent, to Rs 982.20 per kg, with a trading volume of 116 lots.
Similarly, the oil for delivery in June edged up by Rs 6, or 0.66 per cent, to Rs 914 per kg, with a business turnover of 35 lots.

Marketmen said a firming trend at the spot markets amid restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha oil prices at the futures trade.