Friday, 7 July 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 07 JULY 2017

Menthaoil trading range for the day is 903-951. Mentha oil spot at Sambhal closed at 1049.10 per 1kg. Spot prices was up by Rs.32.60/-.Mentha oil ended with gains amid an increase in demand in the domestic spot market. The daily arrival of mentha in the major spot markets of Uttar Pradesh has decreased due to the ongoing monsoon.This year due to favourable climatic conditions and monsoon there is expectation of 15% hike in production of mentha.

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