Mentha oil futures rose over 1 per cent 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. 

At the MCX, mentha oil futures for February 2017 contract is trading at Rs 1040.30 per kg, up by 1.26 %, after opening at Rs 1029.70, against the previous closing price of Rs 1027.40. It touched the intra-day high of Rs 1044.30.

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Menthaoil trading range for the day is 1020.9-1036.1.Mentha oil spot at Sambhal closed at 1145.60 per 1kg. Spot prices was up by Rs.1.70-.Mentha oil prices dropped amid muted demand in the domestic spot market.Further, ample stocks position on higher supplies from producing belts of Chandausi in Uttar Pradesh, too added pressure on mentha oil prices.Pressure also seen on speculation the area under cultivation can incerese this year resulting good production.