Commodity Market Expert: Mentha Oil Before Expiry, Strongly Boost On This Price

Expertise Of Commodity Market Expert said Prior to Expiry, Mentha Oil gained momentum on Wednesday. On the commodity exchange MCX, Mentha Oil's January futures rose by Rs 46 or about 3 per cent to Rs 1595 per kilogram in commodity exchange. January 31 is the expiry of January contract of January at Mentha Oil.

Commodity market analysts say the increase in purchasing at the lower level has improved the speed in Mentha Oil. According to Rudra Investment, Share Market Expert, investors should buy on the decline. Commodity exchange MCX is advised to purchase around 1575 rupees in February futures. In the next one week, the price of Mentha Oil can again show a level of 1640-1650 rupees per kg. Investors should have a steplalos at the level of Rs 1550.

According to Commodity Market Expert, in the last one month, the price of metha oil has dropped by about 10 percent from the upper level. Because of this, shopping is returning from the lower level. In addition, demand for industrial units has increased. They say that the new season is about to begin, but the trend of farmers is not known. For this reason, it is believed that the area of Mentha can be reduced this year. Prices are getting support from this.