Thursday, May 11, 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 10-May-2017

  • Menthaoil trading range for the day is 891.1-949.7. 
  •  Mentha oil spot at Sambhal closed at 1061.40 per 1kg. Spot prices was up by Rs.2.50/-. 
  • Menthaoil dropped amid of reports that carryover stocks are huge against the current consumption level, while the stocks are also been sufficient. 
  •  Downside seen limited on expectations that demand from the pharmaceutical industries might pick-up in coming days. 
  •  India exported 21,150 metric tonnes of mentha and allied products, valued at Rs 2,577.59 crore in FY16.

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