EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 4 May 2017

• Menthaoil trading range for the day is 904-940.6. 
  
• Mentha oil spot at Sambhal closed at 1071.40 per 1kg. Spot prices was down by Rs.-13.10/-.
• Mentha oil dropped as counter witnessed fresh selling amid of reports that carryover stocks are huge against the current consumption level. 
• Sentimental weakness will continious for mentha demand as the key consumption sector (Tobacco products) is witnesing slow down in demand. 
• The demand for mentha at both the local front from the stockists as well as at the export front is not indicating any positive growth.

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