Mentha oil prices moved up by 1.82 per cent to Rs 1,221.60 per kg in futures market today as speculators raised bets, driven by pick-up in demand from consuming industries in the domestic spot market.
At the Multi Commodity Exchange, mentha oil for delivery in far-month April rose by Rs 21.80, or 1.82 per cent to Rs 1,221.60 per kg in a business turnover of 91 lots.
In a similar fashion, the oil for delivery in March contracts went up by Rs 17.30, or 1.43 per cent, to Rs 1,224 per kg in 166 lots.
Marketmen said widening of positions by participants following rising demand from consuming industries in the spot market against tight stocks position on fall in supplies from Chandausi, attributed the rise in mentha oil prices in futures trade.
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