Mentha oil prices rose 1.34 per cent to Rs 1,603 per kg in futures market today as speculators raised bets amid pick-up in demand from consuming industries in the domestic spot market.
Besides, tight stock positions on restricted arrivals from producing belts and lower output estimates supported mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in the current month rose Rs 21.20, or 1.34 per cent, to Rs 1,603 per kg, clocking a business volume of 233 lots.
The oil for February delivery traded Rs 18, or 1.13 per cent, higher at Rs 1,618 per kg, with a trading volume of 104 lots.
Marketmen said raising of bets by speculators, driven by rising demand from consuming industries at the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices.
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