Thursday, April 28, 2016

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 28 APRIL 2016

Menthaoil trading range for the day is 846.1-889.3.
Mentha oil spot at Sambhal closed at 998.70 per 1kg. Spot prices is up by Rs.10.80/-.
Mentha oil prices gained driven by pickup in demand from alloy-makers at the domestic spot market.
Prices also seen supported in the anticipation that current year production can slip more that 35% due to lower plantings.
Meanwhile support also seen from the latest reports showing Mentha Oil export in 2014-15 has surpassed targeted 21000 tons.

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