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Mentha oil prices moved up 0.53% to Rs 968.70 per kg in futures trade today as participants indulged in creating positions, triggered by a fall in supplies from producing regions at spot market.
In futures trading at the Multi Commodity Exchange, mentha oil for delivery in August rose Rs 5.10, or 0.53% to Rs 968.70 per kg in business turnover of 173 lots.
Likewise, the oil for delivery in September contracts traded higher by Rs 4.50, or 0.46% to Rs 982.50 per kg in 312 lots.
Marketmen said besides tight stocks position in the physical market on fall in supplies from producing belts, pick up in demand from consuming industries mainly led to rise in mentha oil prices at futures trade.
