EPIC RESEARCH MCX Menthaoil UPDATE OF 31 December 2018

Posted by Commodity Updates by Epic Research on 11:35:00 with No comments

Menthaoil trading range for the day is 1472.2-1580.8.

* Mentha oil spot at Sambhal closed at 1685.10 per 1kg. Spot prices was down by Rs.-17.40/-.

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

* Low demand outlook in mentha oil in domestic as well as global market due to expectation of recovery in Indian Rupee against the U.S dollar.

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

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