Amid rising demand in the spot market and restricted supplies from producing regions, mentha oil prices were higher by 0.23 per cent to Rs 933 per kg in futures trade today as speculators enlarged positions.
At the Multi Commodity Exchange, mentha oil for delivery in December month gained Rs 2.10, or 0.23 per cent to Rs 933 per kg in business turnover of 17 lots.
In a similar fashion, the oil for delivery in November contracts edged up by Rs 1.20, or 0.13 per cent to Rs 920 per kg in 198 lots.
Analysts said besides rising demand from consuming industries in the spot markets, fall in supplies from Chandausi in Uttar Pradesh mainly kept mentha oil prices higher at futures trade.
