Wednesday, January 23, 2019

EPIC RESEARCH NCDEX UPDATE OF MENTHAOIL 23 JANUARY 2019


  • Menthaoil trading range for the day is 1457.1-1581.7.
  • Mentha oil spot at Sambhal closed at 1653.40 per 1kg. Spot prices was down by Rs.-77.10/-.
  • Menthaoil settled down on profit booking after prices gained tracking firmness in spot demand amid low supply.
  • However, upside seen limited amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.
  • Export demand of oil in global market is likely to be improved due to recovery in currency which is supportive for prices

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