Tuesday, 22 May 2018

EPIC RESEARCH NCDEX MENTHA OIL OF 22 MAY 2018

Menthaoil trading range for the day is 1277.6-1362.

Mentha oil spot at Sambhal closed at 1458.70 per 1kg. Spot prices was down by Rs.-24.30/-.

Mentha oil dropped on profit booking after prices rose on rise in demand from the consuming industries at the spot market.

However, there is anticipation of bumper crop harvest and nearing of harvesting season.

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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