Menthol prices decreased due to favorable sowing circumstances and insufficient export demand
Due to improved planting conditions in UP and Bihar and sluggish export demand, menthol oil yesterday declined by 0.6% to settle at 961.6. Efforts to plant have benefited from the recent rainy season in Uttar Pradesh and Bihar. Mentha’s seeding activities would benefit from the predicted higher-than-average May rains. The price will be under pressure…