Monday, May 06, 2013

EPIC AGRI COMMODITY UPDATE:MENTHA OIL

Mentha oil trading range for the day is 892.6-919.8.
Menthaoil spot is at 1025/-. Spot market is down by Rs.5/-
Menthaoil gained on late short covering after prices dropped as prospects of higher production this year pressurizing market.
But new crop arrivals next month onwards could prevent rates from shooting up a lot.
Mentha oil crop in UP is well and production may be 1.5 times than last year.

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