Mentha Oil On MCX Settled Down By -1.87% At 1025.7

Mentha oil on MCX settled down by -1.87% at 1025.7 driven by fall in demand at the spot market. Moreover, adequate stocks position following higher supply from the producing belts too fuelled the downtrend. Trade sources estimate that total area under Mentha planting has dropped by 20% to 1.75 lakh ha this season resulting into a proportionate fall in Mentha oil production this year. However, a pick up in sowing over last couple of weeks have ensured prices falling for the commodity, as low demand further pressurized market sentiments. Sources mentioned that nearly 14500 MT of mint products were exported in six months of the current financial year.

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