Mentha oil futures up 0.79% on spot demand

Mentha oil prices moved up by Rs 6.90 to Rs 883.50 per kg in futures trade today as traders created fresh positions, driven by pick-up in domestic as well as export demand.

At the Multi Commodity Exchange, mentha oil futures for delivery in August rose by Rs 6.90, or 0.79% to Rs 883.50 per kg, with trading volume of 49 lots.

Mentha oil futures for delivery in June rose by Rs 6.70, or 0.73% to Rs 893.30 per kg, with a business volume of 215 lots.

Similarly, the oil futures for delivery in July moved up by Rs 5, or 0.57% to Rs 880.50 per kg, with a business volume of 54 lots.

Market analysts said fresh positions created by speculators on the back of pick-up in domestic and export demand led to the rise in mentha oil prices at futures trade.