EPIC RESEARCH MCX Menthaoil UPDATE OF 18 January 2019

Menthaoil trading range for the day is 1574.4-1628.2.

* Mentha oil spot at Sambhal closed at 1739.50 per 1kg. Spot prices was down by Rs.-0.70/-.

* Mentha oil prices gained tracking firmness in spot demand amid low supply.

* However, upside seen limited amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.

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



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