EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 16 November 2016

Menthaoil trading range for the day is 925.3-989.7. Mentha oil spot at Sambhal closed at 1089.50 per 1kg. Spot prices is up by Rs.10.00/-. Mentha oil prices gained taking positive cues from spot market on upsurge in demand against tight stocks. India’s mentha oil output was estimated to remain lower this year from 32,000 tonnes produced during last year. Interestingly, India possesses massive carryover stocks from the last year capping the rise in prices. To get reliable and quality NCDEX Tips ✆ – 0731-6642300