Mentha oil futures gain 0.62% (Rs 7 to Rs 1,139.50 per kg) on spot demand

Mentha essential oil prices gained Rs 7 to Rs 1, 139. 50 per kg in futures trade today about the back of a pick-up in spot market demand, mainly from pharmaceutical models.

At the Multi Commodity Exchange, August contract gained Rs 7, or 0. 62%, in order to Rs 1, 139. 50 per kg, with a business turnover of four hundred lots.



September delivery moved up by Rs 6. 40, or 0. 56%, in order to Rs 1, 150. 10 per kg in 135 lots.

Market analysts said a pick-up sought after from pharmaceutical units against low arrivals from producing regions led to the actual rise in mentha oil prices in futures trade.