On MCX Settled Up By 1.11% At 904.6

On MCX settled up by 1.11% at 904.6 amid increase in physical demand from major consuming industries in the domestic spot market. However overall sentiments dropped as export and domestic demand are not picking up also as per last months udpate exports have registered a decline in volume terms. 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. The Spices Board said that the bulk of the exports is in the form of crystallised menthol.

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