Mentha oil futures are expected to trade within a range with upside biases during today’s trading session. As per sources, the demand from local consuming industries has faded due to which speculators booked profit. Ample stocks position due to higher supplies from producing regions has also supported the downfall in prices.
Cardamom futures are expected to trade in range bound levels for the day. Expectations of the increase in supplies after the commencement of second round of picking activities amid good rainfall in Idukki district may weigh down the prices. However, overall weaker monsoon rainfall in Idukki district and in other major cardamom growing regions that have thinned down the expectations of the good crop may support positive trade.
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