Mentha oil futures surge on improved demand

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Mentha oil futures surged on MCX, as speculators enlarged their positions on account of improved demand from consuming industries at the spot markets against limited supplies from key producing regions.

The contract for June delivery was trading at Rs 1322.10, up by 2.36% or Rs 30.50 from its previous closing of Rs 1291.60. The open interest of the contract stood at 604 lots.

The contract for July delivery was trading at Rs 1329.50, up by 2.14% or Rs 27.80 from its previous closing of Rs 1301.70. The open interest of the contract stood at 141 lots on MCX.

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