Mentha oil prices traded higher by Rs 2.80 to Rs 1,324 per kg in futures trade today due to pick up in spot demand against less arrivals from producing region.
At the Multi Commodity Exchange, mentha oil for delivery in February rose by Rs 2.80, or 0.21%, to Rs 1,324 per kg, with a business turnover of seven lots.
The January contract edged up by Rs 2.40, or 0.18%, to Rs 1,324.10 per kg, with an open interest of 71 lots.
Market analysts said rising demand from pharmaceutical units in the spot market against less arrivals from producing region mainly led to the rise in mentha oil futures prices.
