Mentha oil futures up 0.60% on increased demand

Mentha oil prices rose by 0.60 per cent to Rs 1,741 per kg in futures trading today as speculators engaged in building up positions, driven by surging demand in the spot market.

At the Multi Commodity Exchange, mentha oil for delivery this month advanced by Rs 10.40, or 0.60 per cent to Rs 1,741 per kg in business turnover of 15 lots.

Analysts said expanding of positions by participants, tracking strong demand from consuming industries in the physical market against low stocks position on fall in arrivals from Chandausi kept mentha oil prices higher at futures trade.