Mentha oil on MCX settled down by -0.22% at 1201.2 tracking weakness in spot demand on higher supply. Prices of mentha oil were down on higher supplies from oil producing regions while the demand is sluggish. Pressure also seen on expectations of higher output this year as weather remained largely conducive throughout the season. Total global production stood at around 48,000 tonnes, out of which India produces between 30,000-40,000 tonnes.

Trading Ideas:

* Mentha oil trading range for the day is 1186.7-1218.1.

* Mentha oil spot at Sambhal closed at 1367.10 per 1kg. Spot prices was down by Rs.-2.60/-.

* Mentha oil ended with losses tracking weakness in spot demand on higher supply.

* Prices of mentha oil were down on higher supplies from oil producing regions while the demand is sluggish.

* Pressure also seen on expectations of higher output this year as weather remained largely conducive throughout the season.

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