Commodity Market Expert: Advantages Of Selling In Mentha Oil, Selling

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.

The highest yield of mentha is in UP. UP's share in the production of total mentha oil in the country is about 80 percent. Districts of Western UP, Sambhal, Rampur, Chandausi Mentha are major producers, while Barabanki district near Lucknow is also the main producing area of Mentha Oil.