EPIC RESEARCH MCX Menthaoil UPDATE OF 7 February 2019

Posted by Commodity Updates by Epic Research on 12:01:00 with No comments

Menthaoil trading range for the day is 1523.9-1603.9.

* Mentha oil spot at Sambhal closed at 1700.70 per 1kg. Spot prices was down by Rs.-23.20/-.

* Menthaoil prices dropped due to low demand at major physical centers.

* Pressure also seen 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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