Free Commodity Tips: Mentha Oil In Mentha Oil, Price Not Standing Beyond 1800

In the Free Commodity Tips Report The rise in the returns at the higher level has led to a refuse in the prices of mentha oil. In the opening trading on Friday, the price of Mentha Oil dropped by nearly 1 percent to 1790 rupees per kg.

On the Multi Commodity Exchange (MCX), the price of Mentha Oil for November delivery went down by 0.82 percent or Rs 14.60 to Rs 1790 per kg in early trading this morning (around 10.20 pm). During this, the trading volume has been in 104 lots. In the same way, in December delivery of mentha oil fell by Rs 17 or 0.94 percent to Rs 1808.20 per kilogram.

Experts of the Free Commodity Tips say that income margins at Mentha Oil at the higher levels have led to a refuse in its prices. Apart from this, due to lack of demand from the utilization industries and rising supply in the spot market, mentha oil prices have declined.

Rudra Investment Experts Expected pressures in the current business can increase pressure in mentha oil. the price of Mentha Oil has not been able to stay at 1800 level for 2-3 weeks. They say that the November contract of Mentha Oil on MCX could show the level upto 1750-1770 by the end of next week.