EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 05 JULY 2017

Menthaoil trading range for the day is 876-904. Mentha oil spot at Sambhal closed at 1002.90 per 1kg. Spot prices was up by Rs.6.10/-. Mentha oil prices ended with gains due to uptick in demand in the domestic spot market. Further, tight stocks position on restricted supplies from major producing belts of Chandausi in Uttar Pradesh, too supported prices. Stock positions of mentha in MCX warehouses were around 4674 drums which is 48 drums more against the previous day while in process were 408 drums.

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