Mentha oil on MCX settled up by 2.97% at 1253.6 driven by surging demand from consuming industries in the spot market. Further, restricted supplies from major producing regions Chandausi in Uttar Pradesh too supported mentha oil prices uptrend. According to the sources, there has been increase in demand of mentha from local consuming industries as well as stockists which has given boost to the mentha prices.

Trading Ideas:

* Menthaoil trading range for the day is 1207.8-1280.8.

* Mentha oil spot at Sambhal closed at 1394.10 per 1kg. Spot prices was up by Rs.20.80/-.

* Mentha oil prices gained driven by surging demand from consuming industries in the spot market.

* Further, restricted supplies from major producing regions Chandausi in Uttar Pradesh too supported mentha oil prices uptrend.

* Stock positions of mentha in MCX accredited warehouses were around 10086 drums while in process were 132 drums, both are same against the previous day.

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