Mentha Oil On MCX Settled Up By 0.33% At 851

Mentha oil on MCX settled up by 0.33% at 851 tracking rising demand from consuming industries at the spot market. Further, tight stocks position on restricted arrivals from major producing regions of Chandausi in Uttar Pradesh also fuelled the uptrend. Markets had remained weak for quite sometime from lack of demand amidst reports of higher sowing activities. The preliminary mandi source suggests that production of menthol is likely to be around 34-35000 tonnes during 2016-17 as compared to 32000 tonnes in 2015-16.

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