EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 05 MAY 2017

Menthaoil trading range for the day is 904-933.4. Mentha oil spot at Sambhal closed at 1067.90 per 1kg. Spot prices was down by Rs.-3.50/-. Mentha oil dropped amid of reports that carryover stocks are huge against the current consumption level. Sentimental weakness will continious for mentha demand as the key consumption sector (Tobacco products) is witnesing slow down in demand. The demand for mentha at both the local front from the stockists as well as at the export front is not indicating any positive growth.

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