EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 27 DECEMBER 2016

Menthaoil trading range for the day is 1000.4-1042. Mentha oil spot at Sambhal closed at 1115.80 per 1kg. Spot prices is down by Rs.-8.10/-. Mentha oil dropped driven by easing demand in the spot market against adequate stocks position. Total production of mentha oil during the current season is 32,000-34,000 tonnes against preliminary estimates of around 40,000 tonnes. Unfavourable weather conditions during harvesting period led to the drop in production. To get reliable and quality NCDEX Tips ✆ – 0731-6642300