The August contract of mentha oil hit an all-time high of 1,170 rupees per kg on MCX as rains in Uttar Pradesh are seen disrupting supplies in spot markets. Rise in demand for mentha oil from the US and China for industrial
Purposes is also seen boosting prices. During Jan-Apr, exports of mentha oil surged to 757 tn, up 57% on year. At Chandausi, a key wholesale market in Uttar Pradesh, the commodity was quoted at 1,250-1,270 rupees per kg, up 15-25 rupees from Tuesday
Source: Newswire
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