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Tuesday, 18 September 2018

EPIC RESEARCH MCX Menthaoil UPDATE OF 18 September 2018


* Menthaoil trading range for the day is 1629-1734.4.

* Mentha oil spot at Sambhal closed at 1841.80 per 1kg. Spot prices was down by Rs.-67.10/-.

* Mentha oil prices dropped amid subdued demand at the spot market and ample stock positions on higher supplies.

* Anticipation of bumper crop harvest and nearing of harvesting season adding negativity to the market.

* 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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