Mentha Oil On MCX Settled Down By -2.41% At 879.1



Mentha oil on MCX settled down by -2.41% at 879.1 driven by a fall in demand from consuming industries in the spot market. Further, ample supplies in spot market also weighed on mentha oil prices. China and Japan have reduced their buying quantity in the recent past due to the economic slowdown had impacted Mint product's exports which declined substantially from the export basket by 18% in terms of volume and 4% in terms of value year-on-year. Exports of mint products stood at 21,150 tonne in FY16 valued at R2,577.59 crore against 25,750 tonne valued at R2,689.25 crore in FY15.

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