Mentha Oil Settled Flat As Prices Recovered



Mentha oil settled flat as prices recovered on short covering after pressure seen ealier following subdued demand at the domestic spot market. Further, adequate stock positions due to rising arrivals from major growing regions of Chandausi in Uttar Pradesh, too fuelled the downtrend. As per market survey the total area under Mentha planting has dropped by 20% to 1.75 lakh ha this season resulting into a proportionate fall in Mentha oil production this year. 

Prices had significantly dropped since last 6months and prices traded in the range as demand from consuming industries is mute against steady arrival from spot market of Chandausi in Uttar Pradesh which is keeping prices within a range. Major buyers like China and Japan because of its economic slowdown have reduced their buying quantity of mentha and its product.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
NewerStories OlderStories Home

0 comments: