EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 23 MAY 2017

Menthaoil trading range for the day is 904.9-966.7.Mentha oil spot at Sambhal closed at 1052.50 per 1kg. Spot prices was down by Rs.-7.20/-. Mentha oil gained amid surge in demand in the domestic spot market. Further, tight stocks position on restricted supplies from producing regions, too supported 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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