Monday, July 08, 2013

EPIC AGRI COMMODITY UPDATE: MENTHA OIL


Menthaoil trading range for the day is 925.7-993.7.
Menthaoil spot is at 1032/-. Spot market is down by Rs.38/-.
Mentha oil dropped due to profit booking amid weak spot demand after prices rose in last few sessions due to possibility of some crop damage
Rainfall in major mentha growing areas might lead to serious damage to the standing mentha crop
The area under mentha crop is expected to be higher at 2.10 lakh ha against last year's 1.75 lakh ha.

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