EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 04 November 2016

Menthaoil trading range for the day is 915.5-954.1. Mentha oil spot at Sambhal closed at 1058.40 per 1kg. Spot prices is down by Rs.-6.60/-. Mentha oil dropped amid subdued demand from major consuming industries at the domestic spot market. Further, sufficient stocks position on higher supplies from producing regions, too added pressure on mentha oil prices. Exports of mint products stood at 21,150 tonne in FY16 valued at RS. 2,577.59 crore against 25,750 tonne valued at RS. 2,689.25 crore in FY15. To get reliable and quality NCDEX Tips ✆ – 0731-6642300