MENTHA OIL UPDATE

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Epic Research
Menthaoil trading range for the day is 857.1-871.5.Menthaoil spot is at 968/-. Spot market is up by Rs.2/-.Menthaoil settled up on late buying support after prices seen pressure on the back of strapping carryover stocksThe total stock position of around 33-34 thousand tonnes of mentha oil has been reported in the major mandies.Mentha oil Production this year expected higher at more than 60000 tons versus 50000 tons last year due to higher demand
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