EPIC RESEARCH MCX Menthaoil UPDATE OF 15 March 2019

Menthaoil trading range for the day is 1654.5-1717.7.

* Mentha oil spot at Sambhal closed at 1756.30 per 1kg. Spot prices was down by Rs.-8.80/-.

* Menthaoil gained on short covering after prices dropped due to low demand at major physical centers.

* Prices also seen pressure earlier amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.

* The surge in output is likely due to buoyancy in planting intentions, not only in the traditional pockets of Uttar Pradesh and Bihar in recent days.


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