Friday, December 13, 2013

EPIC AGRI COMMODITY UPDATE:MENTHA OIL


Menthaoil trading range for the day is 820-845.6.
Menthaoil spot is at 948/-. Spot market remains flat.
Mentha oil ended with losses on the back of strapping carryover stocks in major mandies along with weak demand by user industries.
The total stock position of around 33-34 thousand tonnes of mentha oil has been reported in the major mandies.
Technically market is under long liquidation as market has witnessed drop in open interest by -1.9% to settled at 6241

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