Tuesday, 20 June 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 20 JUNE 2017

Menthaoil trading range for the day is 905.5-932.7. Mentha oil spot at Sambhal closed at 1027.70 per 1kg. Spot prices was down by Rs.-7.70/-.Mentha oil prices dropped driven by increased arrivals in the major spot markets of Uttar Pradesh. However, reports showed that climatic condition is good for the mentha crop due to which it is expected that this year production might increase 15%. Stock positions of mentha in MCX accredited warehouses were around 4674 drums which is 48 drums more against the previous day.



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