EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 11 MAY 2017

Menthaoil trading range for the day is 891.1-949.7. Mentha oil spot at Sambhal closed at 1061.40 per 1kg. Spot prices was up by Rs.2.50/-. Menthaoil dropped amid of reports that carryover stocks are huge against the current consumption level, while the stocks are also been sufficient. Downside seen limited on expectations that demand from the pharmaceutical industries might pick-up in coming days. India exported 21,150 metric tonnes of mentha and allied products, valued at Rs 2,577.59 crore in FY16.

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