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Friday, 1 March 2019

EPIC RESEARCH MCX Menthaoil UPDATE OF 1 March 2019

Menthaoil trading range for the day is 1587-1635.

* Mentha oil spot at Sambhal closed at 1713.40 per 1kg. Spot prices was down by Rs.-25.90/-.

* 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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