NEW DELHI, Aug 22: Mentha oil prices were up Rs 6.50 to Rs 859 per kg in futures trade today as speculators enlarged positions, driven by a rising demand in the spot market against restricted arrivals from producing belts.
At the Multi Commodity Exchange, mentha oil for delivery in August month rose by Rs 6.50, or 0.76 per cent, to Rs 859 per kg in business turnover of 244 lots.
Similarly, the oil for delivery in September moved up by Rs 6.50, or 0.75 per cent, to Rs 874.80 per kg in 214 lots.
In a similar fashion, the spice for delivery in October traded higher by Rs 2.70, or 0.34 per cent, to Rs 791 per kg in 30 lots.
Market analysts said speculators enlarged their positions,
driven by a rising demand in the spot market against restricted arrivals from Chandausi in Uttar Pradesh mainly influenced mentha oil prices in futures trade. (PTI)
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