Friday, May 04, 2018

EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 4 MAY 2018

  • Menthaoil trading range for the day is 1259.1-1307.1. 
  • Mentha oil spot at Sambhal closed at 1471.10 per 1kg. Spot prices was down by Rs.-2.90/-.
  • Mentha oil dropped on profit booking amid expectation of commencement of fresh arrival
  • Anticipation of bumper crop harvest and nearing of harvesting season i.e., May month also weighed on prices.
  • 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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