Mentha Oil On MCX Settled Down By -1.04% At 912.1

Mentha oil on MCX settled down by -1.04% at 912.1 on profit booking after prices gained in last couple of sessions after fire engulfs German factory of world’s largest chemicals producer BASF. The cause of the fire was not immediately clear. BASF, which employs more than 122,000 workers all around the globe, said it has informed local authorities about the incident. 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 RS. 2,577.59 crore against 25,750 tonne valued at RS. 2,689.25 crore in FY15.

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