Menthaoil trading range for the day is 232.2-232.2.
Menthaoil spot is at 760/-. Spot market is down by Rs.5/-.
Mentha oil gained amid tight stocks position in the physical market due to restricted arrivals from producing belts.
Further, rising demand from consuming industries in the spot market too supported prices.
The production of mentha oil is estimated at about 50,000 to 60,000 tons, whereas last year this figure was 38,000 to 42,000 tons.
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