Mentha Oil Price Today

Note: To know more about on different Commodity Prices

Mentha Oil Historical Prices

The following table shows the historical prices of Mentha oil:

1. In the year 2022, the price of mentha oil opened at Rs.960.1 per kg in the month of January and closed at Rs.1,007.1. Over the year, the price of mentha oil witnessed fluctuations and seen an inclining trend.
2. The price of mentha oil reached its highest point in the month of March where a kg of mentha oil was priced at Rs.1,071.4 and the percentage change was 8.84%. On the other hand, the mentha oil rates reached at its lowest in the month of November where the price of mentha oil was Rs.943.4 per kg and the percentage was –3.74%.

Mentha Oil Price for last 10 Days

The following table shows the price of mentha oil for last 10 days

Types of Mentha Oil

India exports different types of mentha oil to various countries, include in Japan, Singapore, the U.S., France, and China. The following are the various types of mentha oil which is exported by India:

Japanese Mint Oil

Japanese mint oil is produced from Japanese mint plant which is a found in Asia as well as North America. The oil is used for gallstones, indigestion, gas, fever, common cold, joint pain, and various other health issues. While manufacturing, Japanese mint is widely used in the form of a fragrance in mouthwash, toothpaste, detergents, gargles, lotions, soaps, and perfumes.

Peppermint Oil

Peppermint oil is one of the most widely used essentials oils across the world. The oil is used topically, aromatically, as well as internally to cure lots of health issues right from seasonal allergy to muscle aches symptoms to indigestion and low energy. Peppermint oil is used to promote energy levels and boost both hair as well as skin health. The oil highly works as a strong antioxidant and acts as a natural pain killer. Not only this but it also helps in relaxing the gastrointestinal tract.

Spearmint Oil

If you're looking for something to help with your headaches, skin, respiratory issues, nausea, or a common cold, spearmint is the perfect oil for you! It's made from the bright green Mint Spicata herb, also known as Green Mint, Garden Spearmint, Spire, Fish Mint, Pea, and Lamb. It's also known as Minty, and it's a breath freshener and oral hygiene product that keeps your mouth cool and clean. Plus, it's the oldest plant of the mint family and it's popular for its digestive benefits, so you can use it to soothe a variety of ailments.

Water Mint Oil

Water mint is an ancient medicinal plant which is popular because it comprises druids and celts. It is also called as mild sister of peppermint which contains very lower amount of methanol. Water mint oil is widely used in many natural body cleansing products because it provides minty fresh and cooling experience on the skin. The cooling properties of water mint acts as an astringent which tones your skin. Not only this but also the plant extract invigorates the skin which makes it the most valuable ingredient that is used in many skin cleansing products.

Horsemint Oil

Horsemint herb belongs to the mint family and mainly grows in North America. It is also popularly known as Bee Balm, Monarda, Wild Bergamot, and Oswego Tea. Horsemint oil has strong antiseptic properties widely used for maintaining dental cleanliness and a gargle to treat throat and mouth infections. It also contains little amount pf Thymol which makes it a natural mouthwash. In addition, it soothes itching and inflamed skin and is very helpful to treat indigestion, migraines, and headaches.

Bergemonl Oil

Bergamot is basically a citrus fruit which is found in Europe and other tropical areas. Presently, it is commercially grown in Calabria region of Italy. Sometimes, it is also known as a bergamot orange, although it tastes more like a lemon, but it is sweeter. Bergamot oil is extracted from bergamot and the oil has soothing scent and spice taste. This essential oil is popular because it is widely used to do aromatherapy treatment. Apart from this, due to the presence of various compounds in the oil, it has wound healing activities, anti-inflammatory properties, and immunomodulatory activities.

Factors Influencing Mentha Oil Prices

The price of Mentha oil in the commodity market is influenced by various factors locally and globally. Read on to know more about it:

Supply and Demand: Menth oil price, like all commodities, is dependent on supply and demand. This oil is widely used in pharmaceutical industries and make up products. If there is higher demand for this oil, then the price of Mentha oil will increase. Conversely, if there is lower than the usual demand for Mentha oil, the prices may decrease.

Global Production: The annual harvest and output of the Mentha crops are crucial in determining the total commodity supply. The harvest of the Mentha crop globally is affected by factors such as crop diseases, pests, and agricultural practices can affect the overall production and subsequently influence prices.

Weather Conditions: Mentha oil is derived from Mentha arvensis (cornmint) and Mentha piperita (Mentha oilmint) plants, which get easily affected by the weather conditions. Unfavorable weather such as excessive rain, drought, or extreme temperatures can affect the yield and quality of Mentha crops, thereby impacting prices.

Rates of currency exchange: Mentha oil is traded globally, and changes in currency exchange rates can influence its price. If the currency of a major Mentha-producing

country strengthens against other currencies, it can make Mentha oil exports more expensive, potentially leading to higher prices. On the contrary, A weaker domestic currency can make exports cheaper and boost demand, leading to higher prices.

Government Policies and Regulations: The cost of Mentha oil is also affected by government policies across the globe. Other than that, it is also affected by factors such as trade tariffs, export bans, or subsidies. Moreover, any changes in the regulations related to agricultural practices or trade agreements may also have an impact on the oil price.

Competing Substitutes: Mentha oil is widely used for industrial purposes. However, there are various synthetic alternatives available in the market for this commodity. Changes in the availability, price, or regulatory status of these substitutes can impact the demand and price of Mentha oil.

Market Speculation: Speculative trading in the futures market can also impact Mentha oil prices. Traders may buy or sell oil contracts based on their expectations of future price movements, leading to short-term fluctuations in prices.

Transportation and Logistics: The cost and availability of transportation and logistics services can impact the final price of Mentha oil. Any disruptions or delays in shipping routes or logistical networks can affect supply chains and prices.

Benefits or Features of Mentha Oil

The following are the key features and benefits of mentha oil:

• Mentha oil is widely used due to its cooling properties, and it is used for many skin issues such as acne.
• In Ayurveda, mentha oil is known as a trustworthy oil for health, hormones, as well as purity.
• In addition, mentha oil is also known to be useful for improving the nervous system.
• Mentha oil is widely used by various pharmaceutical companies as well as cosmetic manufacturers because it helps in reducing fever, acne, and dandruff.

How are Rates Decided?

The mentha oil rates are determined by several factors. First, you need to know that the higher the production, the lower the demand and the lower the price. If the oil production is low, the demand will be high and the price will be very high. If both the production and the demand are equal, the price of oils will remain low.

Why and How Should You Invest in Mentha Oil?

Mentha oil is witnessing a huge demand across the world. In fact, India is the key exporters of mentha oil. In fact, since few years, India has been the export hub for mentha oil and its products, exposing exporters to volatile the price as the presence of future contracts help the value chain participants to guard this price risk in trading platforms.

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