Mentha Oil On MCX Settled Up By 1.97% At 978.5

Mentha oil on MCX settled up by 1.97% at 978.5 amid pick-up in demand at the spot market. Further, tight stock position in the physical market following restricted supplies from Chandausi in Uttar Pradesh too supported mentha oil prices’ uptrend. As per local sources, during last three weeks around 20 percent arrivals have decreased in the spot markets which will support the mentha prices. As on now stock positions of Mentha in MCX accredited warehouses were around 12265 drums which is 337 drums more against the previous day while in process was 120 drums, which is same against the last day. As per sources, there is minimal demand from local stockists in the market

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