Friday, March 31, 2017

EPIC RESEARCH NCDEX UPDATE OF MENTHAOIL 31 March 2017

  • Menthaoil trading range for the day is 981.1-1019.1. 
  • Mentha oil spot at Sambhal closed at 1134.40 per 1kg. Spot prices was up by Rs.7.40/-. 
  • Menthaoil prices dropped on fresh selling after the speculation that sowing activity had been increased in key production area. 
  • Earlier it was estimated that total area under Mentha planting will drop by 20% to 1.75 lakh ha for this season. 
  • At Barabanki market estimated market supply was at 100 Drums(1-drum-180kg), up by 60 Drums(1-drum-180kg) from previous trading day.
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