EPIC RESEARCH MCX Menthaoil UPDATE OF 8 February 2019

Posted by Commodity Updates by Epic Research on 12:48:00 with No comments

Menthaoil trading range for the day is 1542.7-1583.3.

* Mentha oil spot at Sambhal closed at 1689.00 per 1kg. Spot prices was down by Rs.-11.70/-.

* Mentha oil prices gained amid improved demand from consuming industries at the domestic spot market.

* 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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