Tuesday, 8 August 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 08 AUGUST 2017

Menthaoil trading range for the day is 1121.9-1186.9. Mentha oil spot at Sambhal closed at 1325.40 per 1kg. Spot prices was up by Rs.42.70/-.Mentha oil ended with losses on profit booking driven by decline in demand from consuming industries at the spot markets.Further, ample stocks position on higher supplies from Chandausi in Uttar Pradesh too pulled down mentha oil prices. Stock positions of mentha in MCX accredited warehouses were around 10366 drums which is 96 drums less in comparison to previous day.

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