EPIC RESEARCH MCX MENTHAOIL UPDATE OF 05 July 2018

Menthaoil trading range for the day is 1252.5-1379.1.

Mentha oil spot at Sambhal closed at 1530.30 per 1kg. Spot prices was down by Rs.-10.40/-.

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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