EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 19 October 2016

Menthaoil trading range for the day is 908.4-937. Mentha oil spot at Sambhal closed at 1056.80 per 1kg. Spot prices is up by Rs.1.40/-. Mentha oil prices rallied in last couple of session after news that fire and smoke have engulfed the premises belonging to German company BASF. China and Japan have reduced their buying quantity in the recent past due to the economic slowdown had impacted Mint product's exports. At Sambhal market arrivals were reported at 125 Drums(1-drum=180kg), steady as against previous day’s arrival. To get reliable and quality NCDEX Tips ✆ – 0731-6642300