EPIC RESEARCH MCX Menthaoil UPDATE OF 15 November 2018

Posted by Commodity Updates by Epic Research on 12:18:00 with No comments

Menthaoil trading range for the day is 1773.2-1814.2.

* Mentha oil spot at Sambhal closed at 1944.50 per 1kg. Spot prices was down by Rs.-8.10/-.

* Menthaoil settled down as spot markets are witnessing low demand amid adequate supply which weighed on prices.

* 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.

* However, there could be chances of crop damage to certain extend due to unfavourable weather condition

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