Mentha Oil On MCX Settled Down By -0.76% At 923

Mentha oil on MCX settled down by -0.76% at 923 as demand is minimal from local stockists as well as from mentha consuming industries. As per market sources, this year it is expected that 15% production might be increased which can limit the upside. As per sources, during last six month around 14500 MT of mint products were exported.

It implies, that for this year it is expected that total export can be between 27000 to 29000 MT while last year it was around 23000 MT. According to the latest data from MCX, during the last year the country had produced 25,000 metric tonnes of mentha. As on now stock positions of Mentha in MCX accredited warehouses were around 4315, while in process was 108 drums, both are same against the previous day.

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