EPIC RESEARCH MCX Menthaoil UPDATE OF 12 September 2018

Posted by Commodity Updates by Epic Research on 12:14:00 with No comments
Menthaoil trading range for the day is 1763.4-1813.2.

* Mentha oil spot at Sambhal closed at 1916.80 per 1kg. Spot prices was down by Rs.-53.60/-.

* Mentha oil dropped on profit booking amid subdued demand 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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