NEW DELHI, Apr 6: Mentha oil prices rose further by 1.59 per cent to Rs 1,330.50 per kg in futures trading today as speculators raised their bets, driven by rising demand from consuming industries in the domestic spot market.
Besides, tight stocks position on fall in arrivals from producing region, too fuelled the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in May shot up by Rs 20.80, or 1.59 per cent to Rs 1,330.50 per kg in business turnover of 43 lots.
On similar lines, the oil for delivery in April was trading higher by Rs 10, or 0.69 per cent to Rs 1,466.80 per kg in 204 lots.
Marketmen said widening of positions by traders on the back of strong demand from consuming industries in the physical markets against restricted supplies from Chandausi kept mentha oil prices higher at futures trade. (PTI)
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