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Wednesday, 27 February 2019

EPIC RESEARCH MCX Menthaoil UPDATE OF 27 February 2019

Menthaoil trading range for the day is 1590.9-1651.9.

* Mentha oil spot at Sambhal closed at 1736.00 per 1kg. Spot prices was up by Rs.4.30/-.

* Menthaoil dropped due to low demand at major physical centers.

* Pressure also seen amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.

* The surge in output is likely due to buoyancy in planting intentions, not only in the traditional pockets of Uttar Pradesh and Bihar in recent days.

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