Uptick in demand lifts mentha oil by 0.4%

Restricted supplies from producing regions also affected prices

Amid pick-up in domestic demand and restricted supplies from producing regions, mentha oil prices edged up 0.39% to Rs 907.80 per kg in futures trade.

At Multi Commodity Exchange, mentha oil for delivery in far-month December edged higher by Rs 3.50, or 0.39%, to Rs 907.80 per kg in a business turnover of 21 lots.

Likewise, the oil for delivery in November contracts traded higher by Rs 2.20, or 0.25%, to Rs 894 per kg in 216 lots.

Analysts said fresh positions built up by speculators on the back of pick-up in demand from consuming industries in the spot markets against restricted supplies from Chandausi in Uttar Pradesh led to rise in mentha oil prices in futures trade.