Wednesday, 4 January 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 4 JANUARY 2017

Menthaoil trading range for the day is 1033.9-1080.5. Mentha oil spot at Sambhal closed at 1139.70 per 1kg. Spot prices is down by Rs.-12.00/-. Mentha oil prices dropped on profit booking amid downtick in demand in the domestic spot market. Further, ample stocks position on higher supplies from producing regions of Chandausi in Uttar Pradesh, too influenced mentha oil prices. Total production of mentha oil during the current season is 32,000-34,000 tonnes against preliminary estimates of around 40,000 tonnes.

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