Mentha oil futures were trading higher during morning trade in the domestic market on Monday as investors and speculators build up fresh bets in the agri-commodity amid uptick in physical demand for mentha oil from major consuming industries in the domestic spot market.

Menthaoil trading range for the day is 980.1-1046.1.Mentha oil spot at Sambhal closed at 1119.60 per 1kg. Spot prices is down by Rs.-10.30-.Mentha oil dropped triggered by muted demand at the spot market.Further, ample stocks position on higher supplies from producing regions of Chandausi in Uttar Pradesh, too influenced mentha oil prices.Sources mentioned that nearly 14500 MT of mint products were exported in six months of the current financial year.

At the MCX, mentha oil futures for January 2017 contract is trading at Rs 1006.80 per kg, up by 0.26 %, after opening at Rs 1003, against the previous closing price of Rs 1004.20. It touched the intra-day high of Rs 1008.