Mentha oil futures rise as spot demand picks up

Mentha oil prices rose by Rs 2.40, or 0.28 per cent, to Rs 862 per kg in futures trade today, as speculators enlarged their positions, driven by rising domestic and exports demand. 

At the Multi Commodity Exchange counter, mentha oil for September-month rose by Rs 2.40, or 0.28 per cent, to Rs 862 per kg in one lot.

The oil for delivery October edged up by Rs 1.90, or 0.21 per cent, to Rs 875.30 per kg, clocked a business turnover of two lots.

Traders said rising domestic and export demand amid less arrivals from Chandausi in Uttar Pradesh, helped mentha oil prices to rise at futures trade.