Agri menthaoil Latest Report for Today and trading Advices

Mentha oil November futures opened negative and traded downside whole day by taking cues from surgical strike on black money by government. At the end of the day it closed negative only. According to local sources, arrivals are less in the in the major spot markets of Uttar Pradesh. From demand front, due to rising demand stockists have started hoarding of mentha oil which will drag the prices upside.

On the flip side, India has massive carryover stocks from the last year which might limit the upside. Soybean trade ended the day at Rs. 915 per kg which is approx 2.26% down against its previous close.

@We Recommend Sell Mentha oil futures during today’s trading session.

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