EPIC RESEARCH NCDEX MENTHAOIL UPDATE OF 09 Nov 2016

Menthaoil trading range for the day is 946.7-991.9. Mentha oil spot at Sambhal closed at 1079.50 per 1kg. Spot prices is up by Rs.10.00/-. Menthaoil settled up due to rising demand and falling arrivals the physical markets. India’s mentha oil output was estimated to remain lower this year from 32,000 tonnes produced during last year. At Chandausi market estimated market supply was at 15 Drums(1-drum-180kg), up by 15 Drums(1-drum-180kg) as compared to previous day.
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