EPIC RESEARCH NCDEX MENTHAOIL UPDATE OF 3 Nov 2016

Menthaoil trading range for the day is 934.6-961. Mentha oil spot at Sambhal closed at 1065.00 per 1kg. Spot prices is up by Rs.26.70/-. Mentha oil dropped on profit booking amid subdued demand against ample supplies from the producing belts of Chandausi in Uttar Pradesh. According to local sources, arrivals are very less in the major physical markets of Uttar Pradesh. On the demand front, buying demand is good from mentha consuming industries as well as from export front.
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