Wednesday, May 09, 2018

EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 9 MAY 2018


  • Menthaoil trading range for the day is 1330.9-1416.5.
  • Mentha oil spot at Sambhal closed at 1522.30 per 1kg. Spot prices was up by Rs.6.30/-.
  • Mentha oil prices ended with gains on strong demand from consuming industries at the spot market.
  • 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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