EPIC RESEARCH MCX Menthaoil UPDATE OF 17 September 2018

Posted by Commodity Updates by Epic Research on 12:48:00 with No comments

Menthaoil trading range for the day is 1681.9-1782.5.

* Mentha oil spot at Sambhal closed at 1908.90 per 1kg. Spot prices was down by Rs.-1.40/-.

* Mentha oil prices dropped amid subdued demand at the spot market and ample stock positions on higher supplies.

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

* As per preliminary estimates, acreage under mentha crop will rise this year as the farmers are encouraged by higher price in recent past.

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