Mentha Oil On MCX Settled Down By -0.4% At 1021.4



Mentha oil on MCX settled down by -0.4% at 1021.4 amid sluggish demand from major consuming industries in the domestic spot market. Further, ample stocks position on higher supplies from producing belts of Chandausi in Uttar Pradesh, too influenced mentha oil prices. Total production of mentha oil during the current season is 32,000-34,000 tonnes against preliminary estimates of around 40,000 tonnes. Unfavourable weather conditions during harvesting period led to the drop in production.

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