EPIC RESEARCH MCX Menthaoil UPDATE OF 24 January 2019

Posted by Commodity Updates by Epic Research on 11:53:00 with No comments

Menthaoil trading range for the day is 1458.2-1531.6.

* Mentha oil spot at Sambhal closed at 1640.30 per 1kg. Spot prices was down by Rs.-13.10/-.

* Menthaoil settled down as selling pressure witnesses due to low demand at major physical centers.

* Pressure also seen amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.

* Mentha sowing has doubled in Madhya Pradesh due to high returns it gave in the last few years.

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