Mentha oil on MCX settled up by 0.49% at 823 amid improved demand from consuming industries at the spot market. Further, tight stocks position on restricted supplies from major producing regions of Chandausi in Uttar Pradesh also supported mentha oil prices.
Trading Ideas:
Menthaoil trading range for the day is 812.8-837.4.
Mentha oil spot at Sambhal closed at 987.50 per 1kg. Spot prices is up by Rs.0.70/-.
Mentha oil prices gained amid improved demand from consuming industries at the spot market.
Further, tight stocks position on restricted supplies from major producing regions of Chandausi in Uttar Pradesh also supported prices.
As per market survey the total area under Mentha planting has dropped by 20% to 1.75 lakh ha this season.
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