EPIC RESEARCH MCX Menthaoil UPDATE OF 19 November 2018

Menthaoil trading range for the day is 1778.2-1816.

* Mentha oil spot at Sambhal closed at 1938.60 per 1kg. Spot prices was down by Rs.-12.30/-.

* 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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