EPIC RESEARCH NCDEX UPDATE OF MENTHAOIL 10 MARCH 2017

• Menthaoil trading range for the day is 1011.5-1033.3. 
  
• Mentha oil spot at Sambhal closed at 1151.10 per 1kg. Spot prices was down by Rs.-3.40/-. 
• Menthaoil prices dropped on fresh selling after the speculation that sowing activity had been inceresed in key production area. 
• The weather looked good and everything seemed fine as of now as farmers are still under stress, as they have already suffered a lot. 
• Earlier it was estimated that total area under Mentha planting will drop by 20% to 1.75 lakh ha for this season.

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