EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 18 November 2016

Menthaoil trading range for the day is 953.4-999.4. Mentha oil spot at Sambhal closed at 1075.00 per 1kg. Spot prices is down by Rs.-4.50/-. Mentha oil dropped on profit booking after gaining amid firm trend at spot market on rising demand. Howvere tight stocks position on fall in arrivals from producing belts also limited the downside. 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