EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 31 JULY 2017

Menthaoil trading range for the day is 1025.5-1091.1. Mentha oil spot at Sambhal closed at 1184.50 per 1kg. Spot prices was up by Rs.4.20/-. Mentha oil ended with losses tracking weakness in spot demand amid profit booking. Further, higher supplies from major producing regions of Chandausi in Uttar Pradesh too weighed on mentha oil. Stock positions of mentha in MCX accredited warehouses were around 7879 drums which is same in comparison to previous day.

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