NEW DELHI, Feb 7: Mentha oil prices rose 3.20 per cent to Rs 815.30 per kg in futures trade today as speculators enlarged positions, tracking a firm trend at the spot market on pick up in demand from consuming industries.
Tight stocks availability in the physical market following restricted arrivals from Chandausi in Uttar Pradesh also supported the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in March rose Rs 3.20, or 0.39 per cent, to Rs 815.30 per kg in a business turnover of 26 lots.
Similarly, the oil for delivery in February gained Rs 2.80, or 0.35 per cent, to Rs 804.50 per kg in 80 lots.
Analysts said speculators enlarged their positions on a firm trend at spot market on pick up in demand from consuming industries which mainly kept mentha oil prices remain higher for the second day at futures trade. (AGENCIES)
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