Mentha oil prices up 0.71pc on higher demand

Mentha oil prices surged 0.71 per

cent to Rs 1,155.10 per kg in futures market today after participants raised their bets on rise in demand from consuming industries.

At the Multi Commodity Exchange, mentha oil for delivery in June rose Rs 8.20, or 0.71 per cent, to Rs 1,155.10 per kg, clocking a business volume of 104 lots.

The oil for this month delivery traded higher by Rs 6.80, or 0.52 per cent up, at Rs 1,296.70 per kg with a trading volume of 185 lots.

Marketmen said speculators raised bets following pick up in demand from consuming industries at the spot markets against restricted supplies from Chandausi, mainly led to the rise in mentha oil prices.