Menthaoil On MCX Settled Up 0.24% At 1045.8

Menthaoil on MCX settled up 0.24% at 1045.8 amid pick-up in demand in the domestic spot market. However, ample stocks position on higher supplies from major producing belts of Chandausi in Uttar Pradesh, capped some gains. 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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