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Mentha oil prices went up by 0.33% to Rs 771.50 per kg in futures market today on the back of rising domestic and export demands as speculators engaged in enlarging positions.
Besides, limited arrivals in the physical markets from Chandausi in Uttar Pradesh also supported the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in June moved up by Rs 2.50, or 0.33%, to Rs 771.50 per kg in a business turnover of 126 lots.
Similarly, the oil for delivery in July edged up by Rs 2.30, or 0.29%, to Rs 783.90 per kg in 160 lots.
Analysts said apart from rising domestic and export demand in the spot market, restricted arrivals from Chandausi in Uttar Pradesh led to the rise in mentha oil prices at futures trade.
