Friday, 18 May 2018

EPIC RESEARCH NCDEX MENTHA OIL OF 18 MAY 2018


Menthaoil trading range for the day is 1258.2-1353.2.

Mentha oil spot at Sambhal closed at 1475.30 per 1kg. Spot prices was down by Rs.-16.20/-.

Mentha oil declined driven by subdued demand from consuming industries at the spot market.

Anticipation of bumper crop harvest and nearing of harvesting season also weighing on prices.

As per preliminary estimates, acreage under mentha crop will rise this year as the farmers are encouraged by higher price in recent past.
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