EPIC RESEARCH MCX Menthaoil UPDATE OF 31 July 2018

Menthaoil trading range for the day is 1486.7-1544.7.

* Mentha oil spot at Sambhal closed at 1718.20 per 1kg. Spot prices was remain unchangeby Rs.0.00/-.

* Mentha oil dropped amid subdued demand from consuming industries at the spot market.

* Further, ample stock positions on higher supplies from the major producing belts of Chandausi in Uttar Pradesh too weighed on mentha oil prices.

* Anticipation of bumper crop harvest and nearing of harvesting season adding negativity to the market.

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