Commodity Alert: MCX mentha rises on concerns over damage to crop

                          The August contract of mentha oil rose on the MCX because of concerns over damage to the fresh mentha crop after heavy rains in Uttar Pradesh, the largest producer. Firm demand for the spice oil from the pharmaceutical industry also supported the prices. A fall in the inventories of the spice oil at the MCX-accredited warehouses aided the gains.  Stocks of mentha oil at the warehouses declined to 1,883.24 tn Wednesday, down 34.92 tn from Tuesday. Source:...

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Agro Commodity Update (03rd-Aug-2017)

Fundamental Aspect Sugar Futures recover from lower levels on bargain buying. The prices may get support on expectations of higher demand for sugar in coming weeks. The food ministry expects sugar output in 2017-18 (Oct-Sep) at 235-240 lakh tonnes (lt), much below 251 lt projected by the Indian Sugar Mills Association (ISMA). As per the latest official report, Sugar output in Uttar Pradesh may rise to about 92-93 lt in 2017-18, up from...

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