Mentha oil futures rise on pick-up in demand

Mentha oil prices rose by Rs 3.60 to Rs 931 per kg in futures trading today as traders enlarged their positions, driven by pick-up in spot market demand.    

At the Multi Commodity Exchange, mentha oil for delivery in May rose by Rs 3.60, or 0.39% to Rs 931 per kg, with a business turnover of a single lot. 

Similarly, the oil for delivery in June edged up by 90 paise, or 0.10% to Rs 892 per kg, with an open interest of one lot.   

Market analysts said increased buying by traders due to pick-up in demand in the spot market against less arrivals from Chandausi in Uttar Pradesh mainly pushed up mentha oil prices at futures trade.