- Menthaoil trading range for the day is 1234.7-1308.5.
- Mentha oil spot at Sambhal closed at 1453.00 per 1kg. Spot prices was down by Rs.-26.30/-.
- Mentha oil prices dropped on ample stocks position on higher supplies from the major producing belts of Chandausi in Uttar Pradesh.
- Anticipation of bumper crop harvest and nearing of harvesting season i.e., May month is likely to add negativity to the market.
- As per preliminary estimates, acreage under mentha crop will rise this year as the farmers are encouraged by higher price in recent past.
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