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Mentha oil prices moved up by 0.15% to Rs 855.60 per kg in futures trading today as speculators created fresh positions, driven by industrial demand in the spot market.
Besides, less arrivals from producing regions further fuelled the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in April rose by Rs 1.30, or 0.15%, to Rs 855.60 per kg in business turnover of 281 lots.
Likewise, the oil for delivery in May edged up by 50 paise, or 0.06%, to Rs 866.50 per kg in 56 lots.
Analysts said fresh positions built-up by speculators due to pick-up in industrial demand in the spot market against restricted arrivals from Chandausi in Uttar Pradesh led to rise in mentha oil prices at futures trade.
