Menthaoil On MCX Settled Up 1.02% At 1042.6



Menthaoil on MCX settled up 1.02% at 1042.6 taking positive cues from spot market on rising demand. Besides, fall in supplies from major producing belts of Chandausi in Uttar Pradesh also added support to mentha oil prices uptrend. 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.

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