Menthaoil On MCX Settled Down -1.87% At 906.4

Menthaoil on MCX settled down -1.87% at 906.4 due to muted physical demand from major consuming industries in the domestic spot market. 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. Hence, overall mentha oil output for 2016-17 is now revised upwards at 34,000 tonnes.

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