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Mentha oil prices gained 0.62% to Rs 937 per kg in futures trading today as speculators enlarged their positions on increased demand from consuming industries in the spot market.
Tight stocks position in the physical market following less arrivals from Chandausi in Uttar Pradesh further fuelled the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in September gained Rs 5.80, or 0.62% to Rs 937 per kg in business turnover of 437 lots.
Similarly, the oil for delivery in October traded higher by Rs 5.80, or 0.61% to Rs 952.20 per kg in 90 lots.
Market analysts said speculators enlarged their positions due to increased demand from consuming industries in the spot market amid lower arrivals from Chandausi in Uttar Pradesh mainly influenced mentha oil prices at futures trade.
