Tuesday, March 21, 2017

EPIC RESEARCH NCDEX UPDATE OF MENTHAOIL 21 MARCH 2017

  • Menthaoil trading range for the day is 986.3-1007.5.
  • Mentha oil spot at Sambhal closed at 1136.20 per 1kg. Spot prices was down by Rs.-10.80/-. 
  • Mentha oil prices dropped triggered by sluggish demand from consuming industries at the spot market. 
  • Pressure also seen on the speculation the area under cultivation can increase this year resulting good production. 
  • Total production of mentha oil during the current season is 32,000-34,000 tonnes against preliminary estimates of around 40,000 tonnes.
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