Mentha oil on MCX settled down by -0.08% at 1041.2 triggered by fall in demand from consuming industries in the spot market. Further, ample stocks position on increased supplies from Chandausi in Uttar Pradesh, too influenced mentha oil prices. Pressure also seen on the speculation the area under cultivation can increase this year resulting good production. Sources mentioned that nearly 14500 MT of mint products were exported in six months of the current financial year.

Trading Ideas: 

*Menthaoil trading range for the day is 1032-1055. 

*Mentha oil spot at Sambhal closed at 1168.50 per 1kg. Spot prices was up by Rs.9.70/-. 

*Mentha oil prices dropped triggered by fall in demand from consuming industries in the spot market.

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