EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 9-May- 2017

• Menthaoil trading range for the day is 898.1-917.5. 
  
• Mentha oil spot at Sambhal closed at 1048.20 per 1kg. Spot prices was down by Rs.-19.30/-. 
• Menthaoil dropped amid of reports that carryover stocks are huge against the current consumption level, while the stocks is also been sufficient. 
• Downside seen limited on expectations that demand from the pharmaceutical industries might pick-up in coming days. 
•  India exported 21,150 metric tonnes of mentha and allied products, valued at Rs 2,577.59 crore in FY16.

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