Mentha Oil On MCX Settled Up By 0.87% At 850.4

Mentha oil on MCX settled up by 0.87% at 850.4 tracking rising demand from consuming industries in the spot market. Further, restricted arrivals from major producing regions of Chandausi in Uttar Pradesh, also fuelled the uptrend. However, sentiments still remain weak as this season the farmers are seen getting more interested in sowing mentha in the major growing area of Barabanki. While support seen after the unscheduled rains showers in growing areas in UP would adversely affect harvesting process and that factor remains important as of now

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