EPIC RESEARCH MCX MENTHA OIL UPDATE OF 19 June 2018
Posted by Commodity Updates by Epic Research on 12:26:00 with No comments
Menthaoil trading range for the day is 1116-1171.6.
Mentha oil spot at Sambhal closed at 1305.90 per 1kg. Spot prices was down by Rs.-10.10/-.
Mentha oil prices dropped amid a fall in demand from consuming industries at the spot market.
Further, ample stocks position on increased supplies from the major producing belts of Chandausi in Uttar Pradesh too weighed.
As per preliminary estimates, acreage under mentha crop will rise this year as the farmers are encouraged by higher prices.
Mentha oil prices dropped amid a fall in demand from consuming industries at the spot market.
Further, ample stocks position on increased supplies from the major producing belts of Chandausi in Uttar Pradesh too weighed.
As per preliminary estimates, acreage under mentha crop will rise this year as the farmers are encouraged by higher prices.
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