Commodity Online MUMBAI: 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.
Reports 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
