EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 03 JULY 2017

Menthaoil trading range for the day is 882.8-906. Mentha oil spot at Sambhal closed at 1002.70 per 1kg. Spot prices was down by Rs.-2.30/-. Mentha oil prices holding below 900 level remains weak as demand is weak ahead of GST as traders are avoiding fresh buying from market.As per sources, new crops are arriving in the physical market due to which supply is more in the spot market.It is expected that this year production might increase around 15% which is also creating pressure on the mentha prices.

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