Mentha Oil On MCX Settled Up By 2.01% At 1003.3

Mentha oil on MCX settled up by 2.01% at 1003.3 amid pick-up in demand at domestic spot market. Further, restricted arrivals from major producing belts of Chandausi in Uttar Pradesh, too supported mentha oil prices. Prices had been under pressure since March after Yogi Adityanath, the Chief Minister of Uttar Pradesh, has banned paan chewing and gutka or tobacco in all government offices in the state. Later, a statement said that paan and tobacco products will also be banned in schools, colleges and hospitals. WHO’s tobacco control treaty, which came into effect in 2005, has achieved a 2.5 per cent reduction in global smoking rate, according to a study. The treaty — WHO Framework Convention on Tobacco Control (WHO-FCTC) — obligates the 180 countries committed to it to implement strong evidence-based policies, including five key measures: high tobacco taxes, smoke-free public spaces, warning labels, comprehensive advertising bans, and support for stop smoking services.

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