Mentha oil marginally up on industrial demand

September contract rises 0.1%

Mentha oil prices traded higher by 0.10% to Rs 1,341.10 per kg in futures trade today as speculators enlarged positions, tracking a firm spot market trend following a pick up in industrial demand.

Restricted arrivals from Chandousi in Uttar Pradesh fuelled the uptrend, traders said.

At the Multi Commodity Exchange, mentha oil for delivery in September gained Rs 1.30, or 0.10%, to Rs 1,341.10 per kg, with a business turnover of 357 lots.

The August contract edged up by 80 paise, or 0.06%, to Rs 1,319.80 per kg, with a business turnover of 170 lots.