Mentha Oil On MCX Settled Up By 2.36% At 903.3

Mentha oil on MCX settled up by 2.36% at 903.3 amid a pickup in physical demand from major consuming industries in the domestic spot market. Further, restricted supplies amid lower physical arrivals from the major producing belts in the country also supported mentha oil prices. Initially, India’s mentha oil output was estimated to remain lower this year from 32,000 tonnes produced during last year. But, rainfalls later improved overall scenario that got worsened with scorching heat waves in May.

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