Mentha Oil On MCX Settled Up

Mentha oil on MCX settled up by 2.72% at 886.9 amid rising demand from consuming industries at the spot market. Further, limited stock positions due to restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also fuelled the uptrend. Prices also seen supported in the anticipation that current year production can slip more that 35% due to lower plantings on falling prices in the last two years.

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