According To Commodity Market Expert
Mentha oil prices have seen profit booking on Tuesday. Mentha Oil's February
contract on commodity exchange MCX has come down by 0.70 percent or Rs 11.70 to
Rs 1660.30 per kg in the initial trading.
According to Rudra Investment
Share Market Expert profits in Mentha Oil after the rise in last season have
increased. Mentha oil prices are much higher than last season. It is believed
that this year the sowing of mentha may increase. This is why the fluctuation
in the price remains.
Apart from this, Mentha Oil has
seen very little interest in investors in MCX. The volume is quite low. In
today's business, Mentha Oil should sell at a price of Rs 1670. The stop loss
should be kept at a price of Rs. 1695. Mentha Oil can show a level of Rs
1640-1630 per kg in today's business.
Commodity Market Expert
says that the new season of mentha oil has started. In such a situation,
pressure may be seen in Mentha oil prices further. In today's business, the
sale price of Rs 1680 is advised. A stop loss of 1705 rupees should be
installed. In the next two seasons, the price of Mentha Oil could show a level
of 1630 rupees per kg.
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