Friday, February 5, 2016

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 05 FEBRUARY 2016

Menthaoil trading range for the day is 887-933.6.
Mentha oil spot at Sambhal closed at 1037.80 per 1kg. Spot prices is up by Rs.8.30/-.
Mentha oil prices ended with gains driven by rising demand from consuming industries at the spot market.
Besides, restricted supplies from major growing belts of Chandausi in Uttar Pradesh too fuelled the uptrend.


Mentha oil production in India is likely to decline by 20% due to lower plantings of the aromatic herb on falling prices in the last two years.

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