Wednesday, 29 November 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 29 NOVEMBER 2017

Menthaoil trading range for the day is 1735.7-1828.5.Mentha oil spot at Sambhal closed at 1948.00 per 1kg. Spot prices was up by Rs.1.30/-.Mentha oil settled up following strong demand as supply of synthetic menthol from the world’s biggest supplier has slowed down. According to the market sources, traders have raised their holdings on the back of pick-up in spot demand from consuming industries. Tight stock positions due to restricted arrivals from the major producing belts of Chandausi is also giving support to the mentha prices.

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