MCX Mentha Oil Live report @ Free Advices for trading

Mentha Oil futures closed lower due to profit booking at higher levels however, spot markets witnessed limited supplies and active demand from domestic traders as well as exporters. Mentha oil futures trade positive during today’s trading session due to less arrivals in the major spot markets of Uttar Pradesh. According to sources, demand is increasing from local mentha consuming industry as well as from the export front which might support the mentha prices.

Recently mentha crop has been harvested and there is news of heavy rainfall in the major growing areas in Uttar Pradesh which causes fear of crop damage for October harvest in the market. Mentha oil trade ended the day at Rs. 958 per kg which is approx 1.73% down against its previous close.

@# We recommend buy Mentha oil futures during today’s trading session and for long term also you can buy Mentha OIl

Leave a Reply

Your email address will not be published. Required fields are marked *