Wednesday, November 21, 2018

Best Commodity Tips Provider: Mentha Oil Heavy Fall, 8% Broken Prices In Two Days



Rudra Investment Best Commodity Tips Provider says Mentha oil prices have seen a massive drop in prices In the initial trading on Wednesday, the prices of mentha oil dropped by 4 percent to Rs 1,590 per kilogram.

Mentha Oil's price for the November delivery at the Multi Commodity Exchange (MCX) at the opening of the morning (Rs 10.15 a.m.) came down to Rs 1,590 per kilo, down from Rs 62, or 4 per cent (lower circuit). During this, the trading volumes were seen in 84 lots. Similarly, in December delivery of mentha oil dropped by Rs 50.10 or more than 3 per cent to Rs 1,606 per kilogram.

Experts from the Best Commodity Tips Provider say that profit-booking in Mentha Oil at the upper level has reduced its sentiment. Apart from this, due to lack of demand from the companies that use it and the increase in supply in the spot market, there is pressure on prices. The supply of mentha oil in Chandausi, Uttar Pradesh's major producing area of mentha oil, has increased.

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