EPIC RESEARCH MCX Menthaoil UPDATE OF 11 January 2019

Posted by Commodity Updates by Epic Research on 11:00:00 with No comments

Menthaoil trading range for the day is 1575.4-1625.8.

* Mentha oil spot at Sambhal closed at 1742.20 per 1kg. Spot prices was down by Rs.-21.90/-.

* Mentha oil dropped on profit booking tracking weakness in spot demand after prices gained amid low supply.

* Export demand of oil and its derivatives in global market is likely to be improved due to recovery in currency which is supportive for prices

* Farmers have started preparing to harvest mentha this time in many villages of Saheb Tehsil.

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