Mentha oil rises 0.5% on industrial demand

Limited arrivals from producing belts influences prices

Mentha oil prices rose by Rs 6.60 to Rs 1,332 per kg in futures trading today as speculators enlarged their positions, tracking a firm spot market trend on pick up in industrial demand.

At the Multi Commodity Exchange, mentha oil for delivery in October rose by Rs 6.60, or 0.50%, to Rs 1,332 per kg, with a business turnover of 66 lots.

The September contract moved up by Rs 6.40, or 0.49%, to Rs 1,311.50 per kg, with a business turnover of 213 lots.

Marketmen said pick up in industrial demand against limited arrivals from producing belts pushed up mentha oil prices at futures market.