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Monday 8 April 2019

EPIC RESEARCH MCX Menthaoil UPDATE OF 8 April 2019

Menthaoil trading range for the day is 1496.5-1565.3.

* Mentha oil spot at Sambhal closed at 1668.90 per 1kg. Spot prices was down by Rs.-16.90/-.

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

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

* Export demand of oil in global market is likely to be improved due to recovery in currency which is supportive for prices.

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