Mentha Oil On MCX Settled Down By -1.16% At 857.7



Mentha oil on MCX settled down by -1.16% at 857.7 amid lackluster demand in the domestic spot market. However, insufficient stocks position on restricted supplies from major producing belts of Chandausi in Uttar Pradesh restricted some losses. 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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