Menthaoil On MCX Settled Up 1.7% At 843.1



Menthaoil on MCX settled up 1.7% at 843.1 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. While support seen after the unscheduled rains showers in growing areas in UP would adversely affect harvesting process. 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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