EPIC RESEARCH MCX Menthaoil UPDATE OF 10 April 2019

Posted by Commodity Updates by Epic Research on 11:53:00 with No comments

Menthaoil trading range for the day is 1431.1-1526.9.

* Mentha oil spot at Sambhal closed at 1599.30 per 1kg. Spot prices was down by Rs.-10.30/-.

* Menthaoil ended with losses 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, but also in Madhya Pradesh.

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