EPIC RESEARCH MCX Menthaoil UPDATE OF 17 October 2018

Posted by Commodity Updates by Epic Research on 12:06:00 with No comments

Menthaoil trading range for the day is 1684.9-1738.5.

* Mentha oil spot at Sambhal closed at 1870.30 per 1kg. Spot prices was up by Rs.1.50/-.

* Mentha oil dropped as spot markets are witnessing low demand amid adequate supply which weighed on prices.

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

* Arrivals in Sambhal stood at 400 drums compared to 350 drum a day ago while in Barabanki supplies rose to 500 drums from 450 drums a day earlier.

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