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Mentha oil up 0.21% on spot demand

Speculators enlarge positions as exports pick up

Press Trust of India New Delhi
Mentha oil futures prices up by 0.21 per cent to Rs 875.30 per kg today as speculators enlarged positions, tracking a firming trend at spot market on the back of export demand.

At the Multi Commodity Exchange, mentha oil for delivery in May gained Rs 1.90, or 0.21 per cent, to Rs 875.30 per kg, with a trading volume of 121 lots.

The June contract edged up by Rs 1.30, or 0.14 per cent, to Rs 886 per kg, with a business turnover of 27 lots.

Marketmen said a firming trend at the spot markets on rising export demand, mainly influenced mentha oil prices at futures trade here.

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First Published: May 13 2014 | 12:00 PM IST

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