Mentha Oil On MCX Settled Down By -1.96% At 1003.9

Mentha oil on MCX settled down by -1.96% at 1003.9 on fresh selling after the speculation that sowing activity had been inceresed in key production area of UP. Pressure also seen on account of muted demand from major consuming industries in the domestic spot market. Further, ample stocks position on higher supplies from major producing belts of Chandausi in Uttar Pradesh, too influenced mentha oil prices. Sources mentioned that nearly 14500 MT of mint products were exported in six months of the current financial year

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