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Mentha oil prices rose 0.92% to Rs 903 per kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on strong industrial demand.
Tight stocks availability in the physical market due to less arrivals from producing region further supported the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in August gained Rs 8.20, or 0.92%, to Rs 903 per kg in business turnover of 160 lots.
Similarly, the oil for delivery in July moved up by Rs 7.80, or 0.88% to Rs 890.50 per kg in 273 lots.
Market analysts said the rise in mentha oil at futures trade was mostly attributed to strong demand from consuming industries in the spot market amid lower arrivals from Chandausi in Uttar Pradesh mainly led to rise in mentha oil prices at futures trade.
