NEW DELHI: Mentha oil prices edged up in futures trade on Friday on higher demand by consuming industries at the spot market.

Around 11:05 am, MCX Mentha oil was at Rs 1,485 per kg, up by Rs 4.70, or 0.32 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.

As per brokerage SMC Global Securities, mentha oil futures (April) is likely to trade with an upside bias in the range of Rs 1,470-1,490 for the session