EPIC RESEARCH MCX Menthaoil UPDATE OF 04 September 2018

Menthaoil trading range for the day is 1721.2-1821.4.

* Mentha oil spot at Sambhal closed at 1928.20 per 1kg. Spot prices was down by Rs.-149.50/-.

* Mentha oil dropped amid subdued demand from consuming industries at the spot market.

* Further, ample stock positions on higher supplies from the major producing belts of Chandausi in Uttar Pradesh too weighed on mentha oil prices.

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


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