CAPITALSTARS WEDNESDAY MENTHA OIL MARKET NEWS UPDATE 12 June 2019

MCX mentha oil futures are expected to trade sideways as prices may recover due anticipation of bargain buying at lower levels.

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Spot markets are also witnessed improve demand amid low supply added positive sentiments in the market. However, exports are low due to weak USD in compare the INR which may not be supportive for the mentha oil prices in futures market. Production is likely to be higher by 30-40 % in 2019-20 compare to previous years which may not be positive sentiments for the mentha prices in futures. Hence, looking at the above mentioned factors we expected range bound is expected in mentha oil for the day. 

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