EPIC RESEARCH NCDEX MENTHAOIL UPDATE OF 08 Nov 2016

Menthaoil trading range for the day is 939.8-989.2. Mentha oil spot at Sambhal closed at 1069.50 per 1kg. Spot prices is down by Rs.-1.80/-. Mentha oil ended with losses on profit booking after prices gained on lower output estimates from the major producing. Further, sufficient stocks position on higher supplies from producing regions, too added pressure on mentha oil prices. At Barabanki market arrivals were reported at 200 Drums(1-drum-180kg), up by 200 Drums(1-drum-180kg) from previous trading day.
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