On the first day of the week Profitable Commodity Tips specialist analysis Of The Commodity Market, Mentha Oil received profit-booking This led to a fall in its prices. On Monday, the futures market was trading weak at 1.02% i.e. Rs 18.40 in futures trade.
The price of Mentha oil
Mentha oil for deliverance on the Multi Commodity Exchange (MCX) fell by Rs 14.02, or 1.02 percent, to Rs 1,794.90 per kilogram. During this, trading volumes remained at 252 lots. in the same way, the October relief mentha oil price is 19.70 rupees or .. Or 1.08 percent fall at Rs 1,812 per kg. for the period of this, it was trading in 26 lots.
Experts of Profitable Commodity Tips say that in the last two months, prices of Mentha oil have risen more than 25 percent. Because of this, the investors are making profits in it. In addition, the demand for companies using mentha oil has come down. The impact of low demand in the spot market is also on the prices of mentha oil.
According to the Rudra Investment analysts, the supply of mentha oil in Chandausi, Uttar Pradesh's major producing area of mentha oil, has improved. Due to ample stock, its prices have refused.
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