EPIC RESEARCH MCX Menthaoil UPDATE OF 22 January 2019

Posted by Commodity Updates by Epic Research on 12:10:00 with No comments

Menthaoil trading range for the day is 1531.8-1608.8.

* Mentha oil spot at Sambhal closed at 1730.50 per 1kg. Spot prices was down by Rs.-19.70/-.

* Menthaoil settled down on profit booking after prices gained tracking firmness in spot demand amid low supply.

* However, upside seen limited amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.

* Export demand of oil in global market is likely to be improved due to recovery in currency which is supportive for prices

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