EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 09 DECEMBER 2016

Menthaoil trading range for the day is 938.1-979.5. Mentha oil spot at Sambhal closed at 1052.50 per 1kg. Spot prices is up by Rs.2.30/-. Mentha oil ended with losses driven by sluggish demand at the spot market. Pressure also seen on prices amid ample stocks position on higher supplies from producing regions of Chandausi in Uttar Pradesh. Trade sources estimate that total area under Mentha planting has dropped by 20% to 1.75 lakh ha this season. To get reliable and quality NCDEX Tips ✆ – 0731-6642300