EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 16 MARCH 2016

Menthaoil trading range for the day is 864.9-912.7. Mentha oil spot at Sambhal closed at 1038.20 per 1kg. Spot prices is down by Rs.-10.20/-.
Mentha oil settled down driven by weak trend in the spot market on sluggish demand. Further, adequate stock positions on account of higher supplies from major growing regions of Chandausi in Uttar Pradesh, also influenced prices. As per market survey the total area under Mentha planting has dropped by 20% to 1.75 lakh ha this season.


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