While fresh crop supply increased, the price of mentha oil stabilized unchanged

A surge in supplies from fresh harvests resulted in mentha oil’s yesterday price being unchanged at 873.8. As harvesting activities have expanded, supplies have grown in Uttar Pradesh and Bihar. With increased yield and ideal weather, production prospects have improved. Prices will also be under pressure from indications of a decline in menthol exports. The…

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Gains are seen in mentha oil as some short covering is anticipated following lower production

As some short covering is anticipated in the aftermath of a reduced production estimate, mentha oil yesterday settled up 1.3% at 976.2. The sowing efforts are likely to be negatively impacted by the predicted above-normal temperatures during April and May, which will support the firmness in prices. Mentha exports fell by 10.67% to 2,227.55 tonnes…

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