EPIC RESEARCH MCX Menthaoil UPDATE OF 05 September 2018

Menthaoil trading range for the day is 1646.3-1809.3.

* Mentha oil spot at Sambhal closed at 1912.30 per 1kg. Spot prices was up by Rs.3.50/-.

* 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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