Monday, 6 November 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 06 NOVEMBER 2017

Menthaoil trading range for the day is 1401.1-1507.1. Mentha oil spot at Sambhal closed at 1588.50 per 1kg. Spot prices was remain unchangeby Rs.0.00/-. Mentha oil gained due to pick up in demand from consuming industries in the domestic spot market. Furthermore, tight stocks position following restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also supported mentha oil prices. As winter season is approaching there is expectation of increase in export demand which is supporting prices to trade upside.

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