EPIC RESEARCH MCX Menthaoil UPDATE OF 1 February 2019

Posted by Commodity Updates by Epic Research on 14:39:00 with No comments

Menthaoil trading range for the day is 1519.6-1602.6.
* Mentha oil spot at Sambhal closed at 1711.00 per 1kg. Spot prices was down by Rs.-22.90/-.
* Mentha oil dropped on profit booking after prices gained amid improved demand from consuming industries at the domestic spot market.
* Pressure also seen amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.
* Further, lower arrivals from major producing belts of Chandausi in Uttar Pradesh limited the downside.

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