Wednesday, 15 March 2017

Mentha Oil And Cardamom News

Mentha oil

Mentha oil on MCX settled up by 0.23% at 1024 on the back of rising demand from consuming industries at the spot market. Further, tight stocks position on restricted supplies from major producing belts of Chandausi in Uttar Pradesh, too supported mentha oil prices. The weather looked good and everything seemed fine as of now as farmers are still under stress, as they have already suffered a lot because of demonetization.



Trading Ideas:

*Mentha oil trading range for the day is 1010.5-1036.9.

*Mentha oil spot at Sambhal closed at 1155.70 per 1 kg. Spot prices was remain unchangeby Rs.0.00/-.

* Mentha oil gained on the back of rising demand from consuming industries at the spot market.

Cardamom

Cardamom on MCX settled up by 0.5% at 1392.4 on short covering after prices dropped in last some sessions ue to weak demand and partly due to report of availability of Guatemala cardamom in some parts of north India. At present demand from stockists is poor because of year-end consideration though stocks are tight with them.

Trading Ideas:

*Cardamom trading range for the day is 1372.8-1405.8.

*Cardamom prices gained on short covering after prices dropped in last some sessions ue to weak demand.

* At present demand from stockists is poor because of year-end consideration though stocks are tight with them.

Riyanshi

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