MENTHA OIL

[honeyks]

Trend remained moderately Bullish for Mentha Oil last week amidst high volatility. Impositions on additional margin of 10% on the Buy side brought some dips to the prices in the Futures market.

Spot rates remained firm however. Traders feel rates are likely to recover from the lower levels due to strong Fundamentals for the commodity.

Low arrivals kept supporting the mandi rates. While overall fundamentals look positive, traders are not ruling out some profit booking also. But demand keeps picking up at lower levels that supports the prices.
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