EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 02 MAY 2017

Menthaoil trading range for the day is 916.8-981. Mentha oil spot at Sambhal closed at 1088.10 per 1kg. Spot prices was up by Rs.4.00/-. Mentha oil prices gained on short covering on the back of pick-up in spot demand. Besides, tight stocks position following restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also provided support to mentha oil prices. However the increase in growth and production of synthetic mentha is also hampering the demand.

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