EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 07 November 2016

Menthaoil trading range for the day is 917.1-993.1. Mentha oil spot at Sambhal closed at 1071.30 per 1kg. Spot prices is up by Rs.12.90/-. Mentha oil prices gained due to rising demand and falling arrivals the physical markets. Amid fear of lower output this year and rising demand, stockists have started hoarding of mentha oil to manipulate prices. Exports of mint products stood at 21,150 tonne in FY 2016 as against 25,750 tonne (valued at Rs 2,689.25 crore) in FY 2015. To get reliable and quality NCDEX Tips ✆ – 0731-6642300