Mentha oil futures traded higher on MCX as participants raised bets on rise in demand from consuming industries at the spot market. Further, restricted arrivals from the major producing belts of Chandausi in Uttar Pradesh too added support to mentha oil prices. However, expectations of higher output this year as weather remained largely conducive throughout the season, capped some gains.

The contract for September delivery was trading at Rs 1207.40, up by 0.39% or Rs 4.70 from its previous closing of Rs 1202.70. The open interest of the contract stood at 3453 lots. The contract for October delivery was trading at Rs 1219.50, up by 0.42% or Rs 5.10 from its previous closing of Rs 1214.40. The open interest of the contract stood at 1238 lots on MCX.

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