EPIC RESEARCH MCX Menthaoil UPDATE OF 16 October 2018

Posted by Commodity Updates by Epic Research on 13:19:00 with No comments

Menthaoil trading range for the day is 1690.6-1732.6.

* Mentha oil spot at Sambhal closed at 1868.80 per 1kg. Spot prices was up by Rs.3.20/-.

* Mentha oil prices rallied due to bullish demand outlook from domestic market as well as exporters.

* Spot markets are also witnessing strong consumption demand amid restricted supplies.

* Bumper crop harvest has been discounted in the market and market is moving upwards on rising demand from end users.

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