EPIC RESEARCH NCDEX MENTHAOIL UPDATE OF 15 JUNE 2016

Mentha oil on MCX settled down on the back of weak demand from consuming industries at the domestic spot market. Besides, ample stock
positions due to rising arrivals from major growing regions also fuelled the downtrend. While support seen after the unscheduled rains showers
in growing areas in UP would adversely affect harvesting process and that factor remains important as of now.Markets had remained weak for
quite sometime from lack of demand amidst reports of higher sowing activities. The preliminary mandi source suggests that production of menthol is likely to be around 34-35000 tonnes during 2016-17 as compared to 32000 tonnes in 2015-16.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co