Best Commodity Tips Provider: 9% Broken Mentha Oil In Two Weeks

Best Commodity Tips Provider says In the futures market, the price of mentha oil has dropped by nearly 9 percent in the last 15 days. The January futures price of Mentha Oil at Commodity Exchange NCDEX on January 7 was Rs 1659 per kilogram. Its price is around 1505 rupees per kilogram on January 25 at around 10 am.

Earlier on January 23, the price of Mentha Oil touched below Rs 1,500 per kg. Let's know what kind of strategy can you gain from mentha oil.

In today's business (January 25), Mentha Oil may get profit booking. They say that investors are advised to sell around MCX 1520-1530 in January futures. In January contracts, the price of Mentha Oil could show a level of 1480-1450 rupees per kg. This business advice (goal) of Kedia is for the next 3-4 business sessions.

Best Commodity Tips Provider Rudra Investment says that in the last two seasons, farmers have got good earnings from Mentha Oil. Due to this, it may increase sowing in the forthcoming Mentha Season starting from February. Looking at this, there are signs of decline in mentha oil even further. Rudra Investment says that investors should sell at the price of Rs 1510 in the February contract of Mentha Oil on NCDEX.