On MCX Settled Up By 0.51% At 927.7



On MCX settled up by 0.51% at 927.7 taking firm cues from physical market. Stock positions of mentha in MCX accredited warehouses were around 3749 drums which is same against the last day, while in process were 876 drums, which are 156 drums more against the previous day. As per sources, arrivals of new crop in the spots market have started due to which supply are more in the market. On the other side, demand from the local buyers and mentha consuming industries is less. However, the recent rainfall and favourable climatic conditions might put pressure on the prices. Mentha key consumption sector (tobacco products) is witnessing less demand due to which it is expected that this sentiment will continue for the mentha.

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