Mentha oil prices rise on high demand

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

Around 11:15 am, MCX Mentha oil was at Rs 1,643.30 per kg, up by Rs 30.90, or 1.92 per cent.

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