EPIC RESEARCH MCX Menthaoil UPDATE OF 10 September 2018

Posted by Commodity Updates by Epic Research on 12:15:00 with No comments
Menthaoil trading range for the day is 1665-1805.8.

* Mentha oil spot at Sambhal closed at 1905.00 per 1kg. Spot prices was up by Rs.21.60/-.

* Mentha oil prices ended with gains tracking firmness in spot demand as farmers and stockists have kept their stocks in hopes of an increase in prices.

* On the other hand, the export demand in the current time is average, but there is hope for an increase in export demand.

* According to preliminary estimates, mentha oil production in 2018-19 would be 40,000-45,000 ton against last year's production of 35,000 tons.

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