EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 17 October 2016

Menthaoil trading range for the day is 875.6-921.4. Mentha oil spot at Sambhal closed at 1042.20 per 1kg. Spot prices is up by Rs.18.20/-. Mentha oil gained due to rising demand of the commodity in the spot markets with reports of lower arrivals further aiding the positive sentiment. Further, tight stocks position on restricted supplies from producing regions, too supported mentha oil prices. India’s mentha oil output was estimated to remain lower this year from 32,000 tonnes produced during last year. To get reliable and quality NCDEX Tips ✆ – 0731-6642300