Mentha Oil On MCX Settled Down By -1.03% At 1017.3

Mentha oil on MCX settled down by -1.03% at 1017.3 on the speculation the area under cultivation can incerese this year resulting good production. Sources mentioned that nearly 14500 MT of mint products were exported in six months of the current financial year. This implies that export demand for the complete financial year can be between 27000 and 29000 MT quite cheaper, versus 23000 of total exports last year. Farmers are keeping most of the stocks in their hands. Most buyers are willing to buy at these levels. Since farmers are keeping most of stocks, thus whenever requirement arises, industry people will be purchasing from the farmers. At Chandausi market, Mentha Oil is trading weak at Rs. 1068 per Kg, down by 0.19 per cent from previous day’s price level. Mentha DMO is offered weak at Rs. 810 per Kg, lower by 0.61 per cent against previous trading day.

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