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Monday 3 December 2018

EPIC RESEARCH MCX Menthaoil UPDATE OF 3 December 2018

Menthaoil trading range for the day is 1601.4-1708.

* Mentha oil spot at Sambhal closed at 1831.50 per 1kg. Spot prices was down by Rs.-39.30/-.

* Menthaoil settled down as spot markets are witnessing low demand amid adequate supply which weighed on prices.

* According to preliminary estimates, mentha oil production in 2018-19 would be 40,000-45,000 ton against last year's production of 35,000 tons.

* However, in recent years, the growth in production and consumption of synthetic mentha has influenced the demand for natural mentha.

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