NEW DELHI, July 15: Mentha oil prices edged up by 0.29 per cent to Rs 985 per kg in futures trading today as speculators widened their bets, tracking a firm trend at spot market on pick-up in demand from consuming industries.
Furthermore, restricted supplies from producing regions fuelled the uptrend.
At Multi Commodity Exchange, mentha oil for delivery in July moved up by Rs 2.80, or 0.29 per cent, to Rs 985 per kg in a business turnover of 340 lots.
Likewise, the oil for delivery in August contracts traded higher by Rs 1.50, or 0.25 per cent, to Rs 1001.90 per kg in 131 lots.
Market analysts said fresh positions built up by speculators due to pick-up in demand from consuming industries against restricted supplies from Chandausi in Uttar Pradesh, helped mentha oil prices trade higher. (PTI)
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