EPIC RESEARCH MCX Menthaoil UPDATE OF 08 October 2018

Posted by Commodity Updates by Epic Research on 12:30:00 with No comments


Menthaoil trading range for the day is 1677.1-1775.7.

* Mentha oil spot at Sambhal closed at 1873.60 per 1kg. Spot prices was down by Rs.-4.10/-.

* Mentha oil dropped as traders angry with the checking in adulteration, have stopped buying of mentha oil.

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

* According to preliminary estimates, mentha oil production in 2018-19 would be 40,000-45,000 ton against last year's production of 35,000 tons.


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