EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 21 FEBRUARY 2018

Menthaoil trading range for the day is 1238-1312.4.Mentha oil spot at Sambhal closed at 1426.40 per 1kg. Spot prices was down by Rs.-66.60/-. Mentha oil dropped driven by subdued demand from consuming industries in the spot market. Further, ample stocks position on higher supplies from major producing belts of Chandausi in Uttar Pradesh, too influenced mentha oil prices. Stock positions of mentha in MCX accredited warehouses were around 2992 drums which is same in comparison to previous day.

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