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Tuesday 20 November 2018

EPIC RESEARCH MCX Menthaoil UPDATE OF 20 November 2018

Menthaoil trading range for the day is 1693.3-1787.1.

* Mentha oil spot at Sambhal closed at 1879.80 per 1kg. Spot prices was down by Rs.-58.80/-.

* 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, there could be chances of crop damage to certain extend due to unfavourable weather condition

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