Mentha oil prices climbed 1.82 per cent to Rs 1,570 per kg in futures market today after participants raised bets amid rise in demand from consuming industries at the spot market against restricted arrivals from producing regions.
At the Multi Commodity Exchange, mentha oil for delivery this month was trading higher by Rs 28.10, or 1.82 per cent, at Rs 1,570 per kg with a business volume of 564 lots.
The oil for August was trading higher by Rs 23.60, or 1.51 per cent, to Rs 1,584.10 per kg with a trading volume of 192 lots.
Marketmen said raising of bets by speculators, driven by surging demand from consuming industries at the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.
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