Menthaoil On MCX Settled Down -0.23% At 886.1

Menthaoil on MCX settled down -0.23% at 886.1 amid a fall in physical demand from major consuming industries in the domestic spot market. Further, ample supplies in spot market also weighed on mentha oil prices. 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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