EPIC RESEARCH MCX Menthaoil UPDATE OF 3 April 2019

Posted by Commodity Updates by Epic Research on 12:14:00 with No comments

Menthaoil trading range for the day is 1554.6-1610.6.

* Mentha oil spot at Sambhal closed at 1708.80 per 1kg. Spot prices was down by Rs.-28.60/-.

* Menthaoil 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.

* 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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