Mentha oil settled up by 0.25% at 876 tracking firmness in demand from consuming industries at the spot market. However ample stock positions due to higher supplies from major growing belts limited the downside. Lack of strong demand enabled prices to come down for Mentha Oil as traders waited for some more dips before initiating fresh demand in mandis. Reports of lower quality arrivals leading to lack of export demand too kept trend sideways. Traders said that the day-to-day consumption of menthol declined from 200 drums to 100-120 drums in present term.
Mentha oil trading range for the day is 862.7-884.7.
Mentha oil spot at Sambhal closed at 1023.80 per 1kg. Spot prices is down by Rs.-3.90/-.
Mentha oil prices gained tracking firmness in demand from consuming industries at the spot market.
However ample stock positions due to higher supplies from major growing belts limited the downside.
Reports of lower quality arrivals leading to lack of export demand too kept trend sideways.
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