Thursday, February 21, 2019

EPIC RESEARCH NCDEX UPDATE OF MENTHAOIL 21 FEBRUARY 2019


  • Menthaoil trading range for the day is 1623-1682.
  • Mentha oil spot at Sambhal closed at 1718.20 per 1kg. Spot prices was down by Rs.-0.30/-.
  • Menthaoil gained on short covering after prices dropped due to low demand at major physical centers. 
  • Further upside seen limited amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year. 
  • Mentha sowing may witness a huge jump this year because of high returns farmers experienced the whole of last year.

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