EPIC RESEARCH MCX Menthaoil UPDATE OF 16 August 2018

Menthaoil trading range for the day is 1591.8-1725.4.

* Mentha oil spot at Sambhal closed at 1909.70 per 1kg. Spot prices was down by Rs.-21.80/-.

* Mentha oil dropped 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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