NEW DELHI, Sept 30: Mentha oil gained 0.85 per cent to Rs 677.10 per kg in futures trade today as speculators indulged in creating fresh positions, supported by pick up in industrial demand in the spot market.
Tight stocks position in the physical market on restricted arrivals from Chandausi in Uttar Pradesh further fuelled the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in October rose by Rs 5.70, or 0.85 per cent to Rs 677.10 per kg in business turnover of 286 lots.
Similarly, the oil for delivery in September contracts moved up by Rs 4.20, or 0.63 per cent to Rs 668.50 per kg in 83 lots.
Analysts said besides increased demand from consuming industries in the spot market, restricted arrivals from producing regions mainly led to the rise in mentha oil prices at futures trade. (PTI)
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