Mentha Oil On MCX Settled Down By -0.87% At 950



Mentha oil on MCX settled down by -0.87% at 950 on profit booking and fall in demand in the domestic spot market. Further, ample stocks position on higher supplies from producing regions too influenced mentha oil prices. As per traders, the demand for mentha from both the domestic consuming industries as well as from the export front has not shown any growth or positive result. 

Also the farmers are bringing their produce in moderate amount to the market which is limiting the upside movement of prices. The presence and growth of usage of synthetic mentha is also hampering the demand and ultimately the price movement of mentha. Stock positions of Mentha in MCX accredited warehouses were around 6443 drums, which is 12 drums less against previous day while in process were 36 drums, which is same in comparison to the previous day.

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