Mentha oil rises 1.4% as demand picks up

Mentha oil for delivery in August traded higher by 1.21%

Mentha oil prices rose by 1.49% to Rs 864.20 per kg in futures trade today as traders engaged in creating positions, supported by rising demand from consuming industries.

Besides, restricted arrivals from Chandausi in Uttar Pradesh also influenced mentha oil prices.

At the Multi Commodity Exchange, mentha oil for delivery in September rose by Rs 12.70, or 1.49%, to Rs 864.20 per kg, with a trading volume of 329 lots.

Similarly, mentha oil for delivery in August traded higher by Rs 10.20, or 1.21%, to Rs 847.20 per kg, with a business turnover of 1,096 lots.

Marketmen said a firming trend at the spot markets on rising demand against restricted supplies from producing regions mainly influenced mentha oil prices at futures trade here.