EPIC RESEARCH MCX Menthaoil UPDATE OF 09 October 2018

Menthaoil trading range for the day is 1666.8-1741.6.

* Mentha oil spot at Sambhal closed at 1866.90 per 1kg. Spot prices was down by Rs.-6.70/-.

* Mentha oil dropped as traders angry with the checking in adulteration, have stopped buying of mentha oil.

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

* According to preliminary estimates, mentha oil production in 2018-19 would be 40,000-45,000 ton against last year's production of 35,000 tons. -

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