Mentha oil prices were trading higher by 2.58 per cent to Rs 1,332.10 per kg in futures market today after participants raised bets on increase in demand from consuming industries at the spot market against restricted arrivals from producing regions.
At the Multi Commodity Exchange, mentha oil for delivery this month's contract was higher by Rs 33.50, or 2.58 per cent, to Rs 1,332.10 per kg, clocking a business volume of 220 lots.
The oil for June delivery was trading higher by Rs 7.20, or 0.62 per cent, to Rs 1,165.90 per kg with a trading volume of 129 lots.
Marketmen said raising of bets by speculators, driven by surging demand from consuming industries at the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.
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