Market is still buzzing even  from its highest levels also we feel there is some more strength left in the market.  Last week has observed increase of almost 7% in the prices of  Mentha  Arvensis Oils  and the prices in physical market moved up sharply too. 

Crop is over now but the rains this year is heavy  in Mentha growing parts in India, thus the farmers can afford to keep the oil with them and wait for the right time to sell.

Prices of Crude Mentha oil is Firm and upwards and in the recent past a new  base price is created .

 We feel now the base price for Mentha Oil will be between  18.25 to 18.50, This will be a very important supports levels  now, as most of the exporters have average inventory in that range only.

 Sentiments of farmer is still strong and the arrival becomes less once the market closes to the level of USD 18.55  in Physical Markets. Which indicates that the base level  has increased by almost USD 2.75  since the last time we reported.

 We see a this market at very critical levels.  Both Upward and downward movements can be possible from these levels. But fact remains that crop this year was less and carry forwards were not huge.

The pattern on increase seems to be actual and not purely speculative.

Price increase to a level and then stays there and consolidate for a while and then another upward movement starts. This type of upward movement create concern and displays a real shortage of supplies.

 Any increase in demand  will put pressure on the prices and very sharp increase is also possible in coming days.

 We also have to keep one eye on USD movement against the Indian Rupee. Indian Rupee appreciated by almost 1.65% in last one week which caused the higher quote from Indian Exporters. 

 We will describe this market as very Dicey at this point of time and the markets can head anywhere from here. International and domestic demand will play a very important role here.

Crude Mentha Oil in Physical Markets is ranging between  18.00 to 19.25 Per Kgs in different markets.

Indian Menthol is ranged between USD 22.95 to USD 23.75, Different Grades of De Mentholised Mint Oils ranges between USD 14.25 to USD 17.75 Depending of the specifications.

 Mentha Piperita Oil:

The prices are bound to go up in near future. Prices already firm and  we believe that this is the phase of consolidation for Indian Piperita Oil, Althought the prices and more or less stable at this point of time, we can hear a buzz as the crop season for Mentha Arvensis is over now and international demand is coming in for this product. We see the firm future for this product.

Current Market levels for Indian Piperita Ranges Between USD 22.50 to USD 38.50 Depending on the Quality.

Best Regards

Abhilash Kumar Pandey