Wednesday, 9 August 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 09 AUGUST 2017

Menthaoil trading range for the day is 1106.7-1181.9. Mentha oil spot at Sambhal closed at 1298.40 per 1kg. Spot prices was down by Rs.-27.00/-. Mentha oil ended with losses tracking weakness in spot demand on profit booking after prices gained amid lower arrivals.Stock positions of mentha in MCX accredited warehouses were around 10366 drums which is 96 drums less in comparison to previous day while in process were 1140 drums. According to the government data, during the initial four months of 2017, the export of mentha oil has increased by 54% to 757 tons.

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