Mentha, also called Japanese pudina, is an aromatic herb. Mentha oil is extracted by steam distillation and filtration of dried mentha leaves. The resulting mentha oil and other substances have various uses, including in perfumery, pharmaceuticals, and food flavoring.
The current price of mentha oil is ₹972 per kg. The price of mentha oil is influenced by various factors. It is important to understand that higher production leads to lower demand and subsequently lower prices. Conversely, low production results in high demand and consequently higher prices. When production and demand are balanced, the price of mentha oil remains low.
Table of Contents:
Mentha Oil Prices 2023 - 2024
The following table shows the prices of Mentha oil for the past 1 year starting from Jan 2023 to June 2024:
| Date | Price (In Rs.) |
|---|---|
| June 2024 | ₹904.9 |
| May 2024 | ₹891.0 |
| April 2024 | ₹963.5 |
| March 2024 | ₹928.4 |
| February 2024 | ₹907.3 |
| January 2024 | ₹1,009.8 |
| December 2023 | ₹920.5 |
| November 2023 | ₹1,005.1 |
| October 2023 | ₹919.8 |
| September 2023 | ₹910.3 |
| August 2023 | ₹1001.4 |
| July 2023 | ₹886.0 |
| June 2023 | ₹883.4 |
| May 2023 | ₹949.9 |
| April 2023 | ₹964.5 |
| March 2023 | ₹985.6 |
| February 2023 | ₹1041.3 |
| January 2023 | ₹997.4 |
Read More
Read Less
Are you looking for a personal loan?
Mentha Oil Price For Last 10 Days
The following table shows the price of mentha oil for the last 10 days in July 2024:
| Date | Price | Change% |
|---|---|---|
| Jul 15, 2024 | ₹948 | 0.62% |
| Jul 12, 2024 | ₹953.9 | 0.59% |
| July 11, 2024 | ₹948.3 | -2.83% |
| July 10, 2024 | ₹975.9 | 1.15% |
| July 9, 2024 | ₹964.8 | -1.49% |
| July 8, 2024 | ₹980.0 | -0.08% |
| July 5, 2024 | ₹980.8 | 1.31% |
| July 4, 2024 | ₹968.1 | 0.77% |
| July 3, 2024 | ₹960.7 | 2.50% |
| July 2, 2024 | ₹937.3 | 2.06% |
| July 1, 2024 | ₹918.4 | 1.49% |
| June 28, 2024 | ₹904.9 | 0% |
| June 26, 2024 | ₹904.9 | 0.61% |
| June 25, 2024 | ₹899.4 | 0.40% |
| June 24, 2024 | ₹895.8 | -1.05% |
Read More
Read Less
Factors Influencing Mentha Oil Prices
Mentha oil, a versatile and widely used essential oil, is subject to various factors that can significantly impact its market prices. Understanding these key drivers is crucial for producers, traders, and consumers to navigate the dynamic Mentha oil industry effectively.
- Supply and Demand: Mentha oil production is primarily concentrated in India, which accounts for around 80% of the global supply. Fluctuations in the supply of Mentha oil due to factors like weather conditions, pests, and diseases can significantly impact prices. Demand for Mentha oil is driven by its use in various industries, such as pharmaceuticals, personal care, and food and beverages, and changes in demand can also affect prices.
- Weather Conditions: Mentha oil is primarily grown in specific regions, and the crop's yield is heavily dependent on weather conditions, such as rainfall, temperature, and humidity. Unfavorable weather conditions, like droughts or excessive rainfall, can lead to lower crop yields, which can drive up Mentha oil prices.
- Government Policies: Government policies, such as export restrictions, subsidies, or taxation, can impact the supply and availability of Mentha oil, affecting its prices. Changes in government regulations or trade policies can also influence the global trade and distribution of Mentha oil.
- Crude Oil Prices: Mentha oil is a natural product, and its prices can be influenced by the prices of crude oil, which is a key input for the production and transportation of Mentha oil. Fluctuations in crude oil prices can, in turn, impact the cost of Mentha oil production and transportation, affecting its market price.
- Currency Exchange Rates: Since Mentha oil is a globally traded commodity, its prices can be influenced by changes in currency exchange rates, particularly the value of the Indian rupee against other major currencies. Fluctuations in exchange rates can affect the competitiveness of Mentha oil exports and, consequently, its prices.
- Speculation and Market Sentiment: Speculative trading activities in the commodity markets can also influence Mentha oil prices, as traders may buy or sell based on their expectations of future price movements. Market sentiment, driven by factors such as economic conditions, industry trends, and investor confidence, can also impact Mentha oil prices.
Not sure of your credit score? Check it out for free now!
Also get a Free Credit Report
Mentha Oil Investment Methods
While Mentha oil offers diverse potential, it is a complex investment. Here are the primary methods for investing:
- Commodity Exchanges: Platforms like MCX and NCDEX in India allow the trading of Mentha oil futures contracts. These contracts represent an agreement to buy or sell Mentha oil at a specific price on a future date. This method requires knowledge of futures trading and carries significant risk due to price volatility and margin requirements.
- Mutual Funds and ETFs: Some mutual funds or exchange-traded funds (ETFs) invest in a basket of commodities, potentially including Mentha oil. This provides indirect exposure without directly managing futures contracts. Research the fund's holdings and fees before investing.
- Stocks of Mentha Oil Producers: Investing in companies involved in Mentha oil cultivation, distillation, or marketing can offer indirect exposure to the Mentha oil market. Analyze the company's financials, production capacity, and market position before investing.
Pros & Cons of Investing in Mentha Oil
Here's a breakdown of the pros and cons to consider before investing in Mentha oil:
Potential Benefits of Mentha Oil Investment
- Diversification: Mentha oil's price is influenced by factors distinct from stocks or bonds. Adding it to your portfolio can help spread risk.
- Demand Growth: The global demand for Mentha oil is expected to rise due to its increasing use in various industries. This could lead to price appreciation in the long run.
- Seasonal Fluctuations: Winter months in India see price increases due to higher domestic demand. This could offer opportunities for short-term gains.
Drawbacks and Considerations of Mentha Oil Investment
- Volatile Market: Mentha oil prices experience significant fluctuations due to weather, global demand, and government regulations. This volatility can lead to substantial losses.
- Storage Costs: Proper storage facilities are required to maintain the quality of Mentha oil, adding to the overall investment cost.
- Indirect Investment Methods: Retail investors typically don't directly invest in physical Mentha oil. Participation might involve futures contracts or commodity funds, which come with additional risks and fees.
- High Risk: Mentha oil is a high-risk investment compared to established asset classes like stocks or bonds. Price swings can be dramatic, and there's no guarantee of returns.
Do you need an instant loan?
Besides investing in commodities, you can also look for Gold as an investment. Check out more on gold investments from below:
Frequently Asked Questions on Medical Loan
Mentha oil has a wide range of applications, including in the pharmaceutical, personal care, and food and beverage industries. It is commonly used as a flavoring agent, in topical ointments, and various other products.
Mentha oil prices can fluctuate frequently, often on a daily or weekly basis, due to the dynamic nature of the factors influencing supply and demand.
You can check the current prices of mentha oil on commodity exchanges, such as the Multi Commodity Exchange (MCX) in India, or through reports from industry organizations and market research firms.
Yes, government policies, such as export restrictions, subsidies, or taxation, can impact the supply and availability of mentha oil, consequently affecting its prices.
You have the option to invest in Mentha oil physically or through commodity exchanges, stocks, mutual funds, and ETFs.
The price of Mentha oil is influenced by factors such as demand and supply, government policies, weather conditions, market trends, and more.
Typically, Mentha oil is extracted by steam-distilling the leaves of the mint plant. The volatile substances from the mint leaves are carried by steam and condense to form Mentha oil.
Display of trademarks, tradenames, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply, Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products
Please read the Terms & Conditions carefully as deemed & proceed at your discretion.
U74300KA2019PTC127853. Copyright (c) Bvalue Services Pvt. Ltd. All Rights Reserved!
Rated 4.5 on Google Play
10M+ App Installs
25M+ Applicants till date & growing
150K+ Daily Active Users