Mentha oil moves up in futures trade on export demand

Prices rise on increased domestic and export demand in the spot market

Mentha oil prices rose by Rs 19.90 to Rs 1,407 per kg in futures market today on increased domestic and export demand in the spot market.

Restricted arrivals from Chandousi in Uttar Pradesh also supported the uptrend.

At the Multi Commodity Exchange, the August contract rose by Rs 19.90, or 1.43%, to Rs 1,407 per kg in business turnover of 264 lots.

The July contract moved up by Rs 18, or 1.32%, to Rs 1,382.60 per kg in 719 lots.

Market analysts attributed the rise in mentha oil futures to pick up in domestic and export demand against restricted arrivals from Chandousi in Uttar Pradesh.