EPIC RESEARCH MCX Menthaoil UPDATE OF 17 January 2019

Posted by Commodity Updates by Epic Research on 11:22:00 with No comments

Menthaoil trading range for the day is 1566.3-1618.3.

* Mentha oil spot at Sambhal closed at 1740.20 per 1kg. Spot prices was up by Rs.2.40/-.

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

* Pressure also seen amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.

* Farmers have started preparing to harvest mentha this time in many villages of Saheb Tehsil.

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