EPIC RESEARCH MCX Menthaoil UPDATE OF 30 January 2019

Menthaoil trading range for the day is 1505.4-1584.6.

* Mentha oil spot at Sambhal closed at 1703.30 per 1kg. Spot prices was up by Rs.6.20/-.

* Mentha oil settled up amid improved demand from consuming industries at the domestic spot market.

* Further, lower arrivals from major producing belts of Chandausi in Uttar Pradesh also added support to mentha oil prices.

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

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