EPIC RESEARCH MCX Menthaoil UPDATE OF 7 January 2019

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

Menthaoil trading range for the day is 1571.4-1642.6.

* Mentha oil spot at Sambhal closed at 1729.10 per 1kg. Spot prices was up by Rs.3.40/-.

* Mentha oil prices dropped on profit booking after prices gained amid surge in demand amid low supply.

* Due to improving exports prospects, estimates for ending stocks has been reduced even lower than previous year.

* Further expectations of a significant jump in production over last year is ruled out.

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