Mentha Oil On MCX Settled Down By -0.08% At 943.6



Mentha oil on MCX settled down by -0.08% at 943.6 amid muted demand in the domestic spot market. Further, ample stocks position on higher supplies from producing belts of Chandausi in Uttar Pradesh, too weighed. On the demand side, the seasonal demand emerges during winter season, especially from the pharma sector. Farmers are keeping most of the stocks in their hands. As per market sources, this year it is expected that 15% production might be increased which will have a negative impact on the mentha price.

On the other side, weather condition is also conducive for the coming crop. From supply side, arrivals are increased in the major spot markets of Uttar Pradesh while demand is minimal from local stockists as well as from mentha consuming industries. In recent years the production and consumption of synthetic mentha has increased which is impacting the demand of natural mentha.

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