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Mentha oil prices rose 0.86% to Rs 898 per kg in futures market today as speculators created positions, tracking a firm trend at spot market on increased demand from consuming industries amid restricted arrivals.
At the Multi Commodity Exchange, mentha oil for delivery in September was up by Rs 7.60, or 0.86% to Rs 898 per kg in business turnover of 63 lots.
Likewise, oil for delivery in August traded higher by Rs 6.70, or 0.76% to Rs 885 per kg in 447 lots.
Market analysts said besides a firming trend at the spot markets on increased demand from consuming industries in the spot market, tight supplies on restricted arrivals from Chandausi in Uttar Pradesh mainly led to rise in mentha oil prices at futures trade.
