- Menthaoil trading range for the day is 1087-1142.8.
- Mentha oil spot at Sambhal closed at 1317.70 per 1kg. Spot prices was down by Rs.-52.00/-.
- Mentha oil prices dropped driven by anticipation of bumper crop harvest and nearing of harvesting season.
- Besides, ample stocks position on higher supplies from major producing belt of Chandausi in Uttar Pradesh too fuelled the downtrend.
- 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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