Mentha Oil On MCX Settled Down By -1.37% At 891.3

Mentha oil on MCX settled down by -1.37% at 891.3 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. Fire and smoke have engulfed the premises belonging to German company BASF, the world’s largest chemicals manufacturer, in the town of Lampertheim, local media report. 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.

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