EPIC RESEARCH NCDEX MENTHAOIL UPDATE OF 18 Oct 2016

Menthaoil trading range for the day is 895.9-937.9.Mentha oil spot at Sambhal closed at 1055.40 per 1kg. Spot prices is up by Rs.13.20/-.Mentha oil prices ended with gains amid pickup in demand from major consuming industries in the domestic spot market. Further, tight stocks position in the physical market on fall in arrivals from producing belts also fuelled the uptrend.India’s mentha oil output was estimated to remain lower this year from 32,000 tonnes produced during last year.


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