MCX Mentha Oil Live Trading Report and Tips

Mentha oil futures traded negative due to weak demand from spot markets. At the end of the day it closed in red in comparison to previous day closing. According to sources, arrivals are more in the major spot markets of Uttar Pradesh. From demand front, there is minimal demand from Mentha consuming industries as well as from local stockiests due to money demonetisation. As per the latest data from the traders this year demand consumption is likely to increase by 7%.

The export of Mentha oil has decreased during recent years due to the growing production and usage of synthetic menthol. Mentha oil trade ended the day at Rs. 957 per kg which is approx 0.44% down against its previous close.

@We recommend sell Mentha oil futures during today’s trading session.

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