Mentha oil prices surged 2.67 per cent to Rs 1,335 per kg in futures market today after participants raised their bets on rise in demand from consuming industries at spot markets.
Besides, restricted supplies from the major producing belts of Chandausi in Uttar Pradesh also supported the upmove.
At the Multi Commodity Exchange, mentha oil for delivery in the current month rose Rs 34.70, or 2.67 per cent, to Rs 1,335 per kg, clocking a business volume of 293 lots.
The contract for June delivery was trading at Rs 1,186, up by 1.52 per cent or Rs 17.70 with a trading volume of 110 lots.
Marketmen said speculators raised bets following pick-up in demand from consuming industries at the spot market against restricted supplies from Chandausi, mainly led to the rise in mentha oil prices.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)