Mentha oil futures up on rising demand

Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday amid a pick-up in demand at domestic spot market and restricted supplies from producing regions.

Market analysts said fresh positions built up by traders following a pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.

At the MCX mentha oil futures for June 2018 contract was trading at Rs 1177 per kg up by 0.04 percent after opening at Rs 1177.40 against the previous closing price of Rs 1176.50. It touched the intra-day high of Rs 1177.50.

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