Commodity Online MUMBAI: Mentha oil demand remains moderate in the major physical markets and prices are marginally subdued. In futures market prices opened with weak undertone while due to short covering finally closed with some improvement.
Mentha oil has seen decline in prices due to weak demand and increased arrivals in the past few days. However demand is likely to improve in the near term. Monsoon has arrived in the UP Mentha grown areas.
Demand may pick up in near term. Prices would find support on improved demand in near term.
Start trading in commodities from as low as $50. Join nowReports of lower stocks in the warehouses can have some bullish impact on prices from a medium term point of view.
Reports of lower sowing area for the next crop can provide support to the prices in the medium term.
Courtesy: Religare Commodities
