Best Commodity Tips
Provider Told Mentha oil price fell for the second repeated day due to
profit booking. In the early trading on Tuesday, the price of Mentha oil fell
by 0.61 percent to Rs 1,716 per kg.
Check the price of mentha oil
For the October delivery on Multi
Commodity Exchange (MCX) this morning, the price of Mentha Oil fell by 0.61 percent
or Rs 10.50 to Rs 1,716 per kilogram. During this, trading volumes remained in
87 lots. Similarly, in November, the price of mentha oil dropped by Rs 10.80 or
0.62 percent to Rs 1.734 per kg.
Best Commodity Tips
Provider say that profit margins at Mentha Oil at the high levels have led
to a refuse in its prices. Apart from this, due to require of demand from the
companies that use it and the supply in the spot market has cheap prices.
According to the Rudra investment
analysts, the supply of mentha oil in Chandausi, Uttar Pradesh's major
producing area of mentha oil, has improved Apart from this, demand has
decreased from consumer industries.
India is the world's largest producer
India produces the maximum number
of mentha oil in the world. Mentha oil is old in medicines, beauty products,
toothpaste as well as in sweetmeat products. India is also the world's major
exporter of manna.
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