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Mentha oil prices rose by 0.65% to Rs 990.70 per kg in futures trade today after traders enlarged positions, driven by a pick-up in industrial demand at spot market.
Besides, restricted arrivals from Chandausi in Uttar Pradesh also influenced mentha oil prices at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in July gained Rs 6.40, or 0.65%, to Rs 990.70 per kg, with a trading volume of 254 lots.
Similarly, mentha oil for delivery in August rose by Rs 5, or 0.50%, to Rs 1,002.50 per kg, with a business turnover of 29 lots.
Marketmen said fresh positions built-up by speculators driven by rising spot demand amid lower arrivals from Chandausi in Uttar Pradesh mainly pushed up mentha oil prices at futures trade.
