Mentha oil up on high export and local demand

Mentha oil prices rose by 0.71% to Rs 1,451.80 per kg in futures trade today due to the increased domestic as well as exports demand in the midst of reports of lower output this season.

The trading sentiment improved further as traders engaged in creating positions on account of higher demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh.

At the Multi Commodity Exchange, the December contract rose by Rs 10.30, or 0.71%, to Rs 1,451.80 per kg, clocking a business volume of 1,004 lots.

The January contract traded higher by Rs 10, or 0.68%, to Rs 1,469 per kg, with a trading volume of 196 lots.