- Menthaoil trading range for the day is 1165.2-1202.4.
- Mentha oil spot at Sambhal closed at 1359.80 per 1kg. Spot prices was down by Rs.-12.70/-.
- Mentha oil ended with losses tracking weakness in spot demand on higher supply.
- Traders are ready to offload stocks available in their warehouses but the demand from mentha oil consuming industries is low
- Expectations of higher output in 2017 will further dampen the sentiment moving ahead. Mentha output this year is likely to rise by 10-12% to 36,000 tn.
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