Friday 17 November 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 17 NOVEMBER 2017

Mentha Oil trading range for the day is 1577-1699.4.Mentha oil spot at Sambhal closed at 1838.10 per 1kg. Spot prices were remaining unchange.Menth Oil once again dropped to settle at 1630 level on fresh selling seen after prices gained sharply since last week on lower supply ahead of key winter season demand which is rising.Traders anticipate this year’s production to below 35000 tons this year from good weather.As of now low arrivals amidst fall in acreage for sowing this year (due to 25% price hike in wheat) will be support for prices in near term.

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