Mentha oil futures traded higher on MCX as speculators raised bets on the back of strong demand from consuming industries in the spot market. Besides, tight stock position following a drop in arrivals from major producing belts of Chandausi in Uttar Pradesh too supported mentha oil prices.
The contract for July delivery was trading at Rs 1085.90, up by 3.99% or Rs 41.70 from its previous closing of Rs 1044.20. The open interest of the contract stood at 360 lots.
The contract for August delivery was trading at Rs 1095.70, up by 4% or Rs 42.10 from its previous closing of Rs 1053.60. The open interest of the contract stood at 3900 lots on MCX.