Wednesday 10 May 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 10 MAY 2017

Menthaoil trading range for the day is 895.6-958. Mentha oil spot at Sambhal closed at 1058.90 per 1kg. Spot prices was up by Rs.10.70/-. Mentha oil ended with gains on short covering amid uptick in demand in the domestic spot market. Further, tight stocks position on restricted supplies from major producing belts of Chandausi in Uttar Pradesh, too supported prices. Now on domestic side traders had estimated earlier total production in the range of 35000-37000 tons for this year.

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