Friday 11 May 2018

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 11 MAY 2018

Menthaoil trading range for the day is 1351.8-1415.4.

Mentha oil spot at Sambhal closed at 1537.00 per 1kg. Spot prices was up by Rs.7.30/-.

Mentha oil dropped on profit booking amid expectation of commencement of fresh arrival

Anticipation of bumper crop harvest and nearing of harvesting season i.e., May month also weighed 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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