EPIC RESEARCH MCX Menthaoil UPDATE OF 12 February 2019

Posted by Commodity Updates by Epic Research on 11:59:00 with No comments

Menthaoil trading range for the day is 1565.1-1610.5.

* Mentha oil spot at Sambhal closed at 1725.10 per 1kg. Spot prices was up by Rs.19.80/-.

* Mentha oil dropped on profit booking after prices seen supported 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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