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Mentha oil prices rose by 2.80 to Rs 1,024 per kg in futures trade today as speculators enlarged their positions, tracking a firm trend at spot market on pick- up in demand from consuming industries.
Tight stocks availability in the physical market following less arrivals from Chandausi in Uttar Pradesh further supported the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in June rose by Rs 2.80, or 0.27%, to Rs 1,024 per kg in business turnover of 61 lots.
Similarly, mentha oil for delivery in July traded higher by Rs 2.50, or 0.24%, to Rs 1,039.10 per kg in 157 lots.
Market analysts said speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand from consuming industries amid lower arrivals from Chandausi in Uttar Pradesh, mainly led to a rise in mentha oil prices at futures trade.
