Menthaoil trading range for the day is 857.8-898.8.
Menthaoil spot is at 992/-. Spot market is down by Rs.5/-.
Menthaoil dropped on profit booking after prices gained as reports of a fall in sowing in the growing state of UP supported prices.
Further, weak sowing progress along with strong export demand too supported mentha oil prices.
Sources added that the total production of mentha oil in the current year is likely to be around 35-36 thousand.
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