Mentha oil rises on industrial demand

Mentha oil prices gained Rs 10.40 to Rs 1,266 per kg in futures trade today as traders created fresh positions, driven by pick up in industrial demand.

At the Multi Commodity Exchange, mentha oil for October month gained 10.40, or 0.82% to Rs 1,266 per kg with trading volume of 168 lots, while November contract rose by Rs 9.30, or 0.73% to Rs 1,280.70 per kg in 392 lots.

Similarly, the oil for delivery in December month edged up by Rs 9.30, or 0.73% to Rs 1,283 per kg in 59 lots.

Traders said pick up in industrial demand and lower arrivals from Chandausi in Uttar Pradesh mainly pushed up mentha oil prices at futures trade.