Menthaoil trading range for the day is 1565.1-1610.5.
* Mentha oil spot at Sambhal closed at 1725.10 per 1kg. Spot prices was up by Rs.19.80/-.
* Mentha oil dropped on profit booking after prices seen supported amid improved demand from consuming industries at the domestic spot market.
* However, upside seen limited amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.
* Export demand of oil in global market is likely to be improved due to recovery in currency which is supportive for prices.
Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316
No comments:
Post a Comment