EPIC RESEARCH MCX Menthaoil UPDATE OF 29 October 2018

Menthaoil trading range for the day is 1776.9-1830.9.

* Mentha oil spot at Sambhal closed at 1926.50 per 1kg. Spot prices was down by Rs.-2.80/-. # Mentha oil dropped as spot markets are witnessing low demand amid adequate supply which weighed on prices.

* Bumper crop harvest has been discounted in the market and market is moving upwards on rising demand from end users.

* Arrivals in Sambhal stood at 400 drums compared to 350 drum a day ago while in Barabanki supplies rose to 500 drums from 450 drums a day earlier.

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