This week's first trading day
Report By Best
Commodity Tips Provider, Mentha Oil's prices have gained momentum. In
today's trading, Mentha Oil's onion commodity on MCX moved up by 1.59 per cent
or 25.60 per cent to Rs 1,388 per kilogram.
According to Rudra Investment
Expertise, Mentha Oil has seen buying at the lower level. Mentha oil prices are
much higher than last season. In view of the initial trends, it is believed
that sowing of mentha may increase this year. Because of this, the possibility
of very high fluctuation in price is very low.
In short term, the price of
Mentha oil in futures is expected to be within the range of 1580-1650 rupees
per kilogram. On the MCX of Rudra Investment, Mentha Oil is advised to sell at
a level of 1650 rupees. In two business sessions, February futures of Mentha
Oil could show a level of 1620-1600 rupees per kg.
According to the report of Best Commodity Tips
Provider, investors are advised to sell at a price of Rs 1,645 in today's
business. In today's business, the price of Rs 1620 / kg can be seen. Investors
should have a stop loss at a price of Rs 1660.
Mentha's new season has started.
The sowing of mentha starts around the first week of February. The highest
yield of mentha is in UP. UP's share in the production of totality mentha oil
in the country is about 80 percent.
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