Mentha Oil On MCX Settled Up By 1.44% At 849.6



Mentha oil on MCX settled up by 1.44% at 849.6 tracking improved demand from consuming industries in the spot market. Besides, tight stocks position following restricted arrivals from major producing belts 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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