EPIC RESEARCH MCX Menthaoil UPDATE OF 9 April 2019
Posted by Commodity Updates by Epic Research on 12:45:00 with No comments
Menthaoil trading range for the day is 1464.6-1526.6.
* Mentha oil spot at Sambhal closed at 1609.60 per 1kg. Spot prices was down by Rs.-59.30/-.
* Menthaoil dropped due to low demand at major physical centers.
* Prices also seen pressure earlier 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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