Posted by Commodity Updates by Epic Research on 15:50:00 with No comments

Menthaoil trading range for the day is 1488.8-1640.4.

* Mentha oil spot at Sambhal closed at 1865.40 per 1kg. Spot prices was up by Rs.5.60/-.

* Mentha oil dropped on profit booking amid subdued demand from consuming industries at the spot market.

* Further, ample stock positions on higher supplies from the major producing belts of Chandausi in Uttar Pradesh too weighed on mentha oil prices.

* Anticipation of bumper crop harvest and nearing of harvesting season adding negativity to the market.

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