Mentha Oil On MCX Settled Down By -0.49% At 955.9

Mentha oil on MCX settled down by -0.49% at 955.9 on profit booking after prices gained due to pick-up in demand in the domestic spot market. As per local sources, due to heavy rains in the north India spots market activity got disrupted which will reduce arrivals in the physical market. From demand side, buying demand has improved from local mentha consuming industries. In addition to this, economic situation of mentha exporting countries are improving due to which it is expected that in near term commodity export might increase.

This year it is expected that production might increase around 15% due to which consumption of natural mentha will increase. Stock positions of mentha in MCX accredited warehouses were around 7279 drums which is 60 drums more in comparison to previous day while in process were 3432 drums, which is 12 drums more against the previous day.

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