Mentha oil prices rose by 0.83 per cent to Rs 1,306.10 per kg in futures market today as speculators built up fresh positions amid pick-up in demand from consuming industries in the domestic spot market.
At the Multi Commodity Exchange, mentha oil for delivery in March shot up by Rs 10.70, or 0.83 per cent, to Rs 1,306.10 per kg in business turnover of 84 lots.
Similarly, the oil for delivery in April contracts was trading higher by Rs 9.10, or 0.72 per cent, at Rs 1,275.80 per kg in 3 lots.
Marketmen said fresh positions created by traders due to upsurge in demand from consuming industries at the spot market against restricted supplies from Chandausi led to the rise in mentha oil prices at futures trade.
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