Menthaoil spot is at 1065/-. Spot market is down by Rs.4/-.
Mentha oil ended with losses due to higher production prospects and reports of better sowing.
Moreover, weak demand by exporters also added some selling in the mentha oil market.
The total mentha oil production is expected to be in the range of 52000-55000 tonnes in the current year.
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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