Profitable Commodity Tips: Profits In Mentha Oil, Such As Create Strategy

The Month last Day Report By Profitable Commodity Tips Mentha Oil has received profit booking on Thursday. In early trading, the January futures of Mentha Oil on Commodity Exchange MCX fell by Rs 22.40 or 1.41 percent to Rs 1570.30 per kilogram. Today is the expiry of the January contract. However, the February futures price has increased by nearly half percent to Rs 1,578 per kilogram.

According to Rudra Investment profits in Mentha Oil were seen from the upper level. Investors should shop at a fall. Commodity exchange MCX is advised to buy around 1560-1570 in February futures. In the next two business sessions, the price can again cross Rs 1600. They say that in the next one week, the price of mentha oil can again show a level of 1650 rupees per kilogram.

According to Rudra Investment Profitable Commodity Tips, in the past one month, the price of metha oil has dropped by about 8 percent from the upper level. They say that demand for industrial units is increasing. Another reason for the increase in prices of mentha oil is that farmers' trends are not known for the sowing of mentha in the new season.