Mentha oil futures surge on strong demand

NEW DELHI: Mentha oil prices surged in the domestic futures market on Wednesday, riding on higher demand coupled with restricted arrival from producing regions.

Around 11:05 am, MCX Mentha oil was trading at Rs 1,596.30 per kg, up by Rs 47.60, or 3.07 per cent.

Raising of bets by speculators, driven by surging demand from consuming industries at the spot market against limited supplies from key producing regions, drove mentha oil prices higher in futures trade.