Mentha oil on MCX settled down by -0.49% at 955.9 on profit booking after prices gained due to pick-up in demand in the domestic spot market. As per local sources, due to heavy rains in the north India spots market activity got disrupted which will reduce arrivals in the physical market. From demand side, buying demand has improved from local mentha consuming industries. In addition to this, economic situation of mentha exporting countries are improving due to which it is expected that in near term commodity export might increase.

Trading Ideas:

* Menthaoil trading range for the day is 943.4-976.2.

* Mentha oil spot at Sambhal closed at 1108.50 per 1kg. Spot prices was up by Rs.10.40/.

* Mentha oil dropped on profit booking after prices gained due to pick-up in demand in the domestic spot market.

* As per local sources, due to heavy rains in the north India spots market activity got disrupted which will reduce arrivals in the physical market.

* Stock positions of mentha in MCX accredited warehouses were around 7279 drums which is 60 drums more in comparison to previous day.

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