Menthaoil spot is at 1069/-. Spot market is down by Rs.16/-.
Mentha oil settled down as weak spot market demand followed by higher stocks weighed on prices.
Higher production estimates are also putting further pressure on the commodity movement.
The area under mentha crop is expected to be higher at 2.10 lakh ha against last year's 1.75 lakh ha.
Higher arrivals of the new crop (~250-300 drums) in mandis from harvesting have been keeping pressure on the market sentiments.
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