EPIC RESEARCH MCX Menthaoil UPDATE OF 18 March 2019

Posted by Commodity Updates by Epic Research on 11:40:00 with No comments

Menthaoil trading range for the day is 1667.8-1719.2.

* Mentha oil spot at Sambhal closed at 1760.40 per 1kg. Spot prices was up by Rs.4.10/-.

* Menthaoil 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.

* Production of mentha oil is expected to rise to 48,000-50,000 tn in 2019 from 33,000-35,000 tn last year.

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