Friday, 3 November 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 03 NOVEMBER 2017

Menthaoil trading range for the day is 1319.9-1469.9. Mentha oil spot at Sambhal closed at 1567.60 per 1kg. Spot prices was up by Rs.35.50/-.Mentha oil gained due to pick up in demand from consuming industries in the domestic spot market. Furthermore, tight stocks position following restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also supported mentha oil prices. As winter season is approaching there is expectation of increase in export demand which is supporting prices to trade upside.



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