Menthaoil On MCX Settled Up 2.46% At 904.7



Menthaoil on MCX settled up 2.46% at 904.7 due to rising demand of the commodity in the spot markets with reports of lower arrivals further aiding the positive sentiment. Further, tight stocks position on restricted supplies from producing regions, too supported mentha oil prices. 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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