Jul 17
Jul 2017

Mentha Piperita

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Reports from India continue to state that total production this year will be down. There is also the question of quality surfacing, as reported by the Indian producers themselves. With the current strength of the Rupee to the dollar, prices have firmed. U.S. growers have also indicated that their prices this year will be higher than last year.

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Jun 17
Jun 2017

Mentha Piperita

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Reports indicate that far less acreage has been planted this year. Although there are no reliable records available, dealers are forecasting this year’s production to be 350 – 400 metric tons. Exports from India average 1,500 – 2,000 metric tons per year.

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Jun 17
Jun 2017

Terrible drought conditions in South Africa have led to fires which have destroyed acres of plantings. Here too availability is limited and prices firm.

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May 17
May 2017

Wintergreen Oil

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With crop ending in March, distillation takes place from April thru May. Reports indicate that the current crop is down 16-20% due to bad weather. Pricing has increased from the lows in January and are expected to continue to firm as demand increases.

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May 17
May 2017

Cornmint Oil & Menthol

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With Synthetic Menthol and Menthone readily available in India, a major producer is warning customers to beware of product they purchase. This producer advises that in July, which will be crop harvest time, prices should be lower. He does not expect to see major fluctuations in the market, as increased availability of Synthetic Menthol will have its impact.

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Apr 17
Apr 2017

Wintergreen Oil

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Here too heavy rains in 2016 caused production to be less than that of 2015.  Prices have risen from their lows and quality can be an issue.  

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Apr 17
Apr 2017

Cornmint Oil & Menthol

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Prices are still firm as cash restrictions continue to hamper trade at the farm level.  With the increasing production of synthetic Menthol looming, producers may be trying to get as much margin as possible before prices begin to collapse.  

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Mar 17
Mar 2017

Cornmint Oil & Menthol

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The Indian government has recently removed the cash limitations for businesses though this does not readily translate into cash transactions at the farm level.  A further impediment in one of the growing regions is police restrictions on cash as elections are due at the end of February.  Prices have firmed and are expected to stay firm until the new crop in June.

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Feb 17
Feb 2017

Cornmint Oil & Menthol

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With the new fiscal policies enacted in India in November, the traditional cash transactions between farmers and collectors have diminished significantly.  Less oil was collected and prices have increased at the farm level.  To meet demand, exporters turned to the MCX for Cornmint, which also pushed up prices.  A report states that current stock at the MCX is 8600 drums, down from 12500 on November 1st.  Higher oil prices have led to higher Menthol prices, putting more pressure on Natural Menthol against Synthetic.  Higher prices for Cornmint will encourage more acreage to be planted if root stock is available.  One report we have questions that availability.  

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Dec 16
Dec 2016

Wintergreen Oil

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Prices for Wintergreen were high at the beginning of 2016.  Those dropped following the start of croptime in May.  Since then the lower prices have stopped farmers from processing and heavy rains in the growing regions reduced total production.  As a result prices have increased.

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Sep 16
Sep 2016

Cornmint Oil & Menthol

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Pricing is still firm with one major Indian producer claiming to be sold out until early September.

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Aug 16
Aug 2016

Cornmint Oil & Menthol

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Several reports indicated that the Cornmint Oil crop will be around 40,000 tons.  A reliable source has provided a state-by-state breakdown that estimates production in 2016 will be 33,860 tons.  Menthol content and average yield across all areas was normal.  L-Menthyl Acetate content showed to be slightly higher due to the crop being processed before it had fully matured.  This source also claims that stocks in the MCX warehouses are down to 16,400 drums from over 39,000 drums.  The need to replenish these stocks has had an impact on current price levels.  In the last few weeks prices have firmed.  While currency changes have been cited as a reason, restocking of the MCX warehouse has likely had an impact on the price.  

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Jul 16
Jul 2016

Cornmint & Menthol

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The most recent report of a major supplier indicates that the total crop for 2016 will be between 38000 & 40000 metric tons.  These figures are based on surveys and discussions with others in the growing regions.  Based on the limited distillation that has taken place, the supplier reports that yield per acre is down.  Since the monsoons have not occurred, it is possible that the crop will be less than estimated. With a large portion of new oil set to reach the market by mid to end July, we would expect to see prices fall.

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Jul 16
Jul 2016

American Mints

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The 2016 US Peppermint and Spearmint Acreage report has been published.  Total acreage for all Peppermint is estimated at 60,300 acres up from a total of 57,300 in 2015.  Total acreage for Spearmint remains the same as 2015 at 26,800 acres. It is expected that prices for both products will ease from 2015 levels.

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Jun 16
Jun 2016

CORNMINT & MENTHOL

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A reliable supplier reported that demand was strong in April and early May. Since new Oil was not available, this demand was met with stocks held in the MCX warehouse.  This same supplier estimates that the total Mentha arvensis crop is 45,000 metric tons, a 50% increase from numbers given in April.   Even with the estimated large crop, the supplier believes that prices will firm due to low carryover and strong demand.  Prices are expected to ease in June and July when large amounts of Oil usually reach the market.  

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May 16
May 2016

CORNMINT AND MENTHOL

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One manufacturer estimates that 2016 production will be 30,860 metric tons, up from 2015’s total of 24,650 metric tons.  They also report that stocks held at India’s Multi Commodity Exchange (MCX) are half of what was held in September of 2015.  A second manufacturer reports that production this year will be 25-30% greater than that of 2015, however, he also believes that little carryover from 2015, a lack of added Synthetic Menthol production, and higher demand in 2016 will contribute to firm prices.

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Apr 16
Apr 2016

CORNMINT OIL & MENTHOL

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Several reports on Cornmint planting suggest that an increase in acreage will yield 40,000 tons of crude oil.  While figures like these are always difficult to verify, we will have a better idea of what to expect once news of the harvest comes out by the end of May.  Worldwide inventories are thought to be down at the moment, notably in China, which imported far less than usual from India last year.  Suppliers have cited the prevalence of Synthetic Menthol for this drawdown in imports.  

News has reached us of a supplier that has been pushing a Cornmint subspecies that they claim has several advantages.  They maintain that this variety consumes less water, increases the yield of Oil and Menthol, and can be harvested 70 days after planting rather than the typical 100.  

Our sources in India believe that a major producer of Synthetic Menthol is experiencing issues causing delayed deliveries.  This has in turn caused demand for Natural Menthol to increase.  With inventory among dealers already low, this has led to a rise in prices, but the feeling is that this rise will be short lived.

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Mar 16
Mar 2016

CORNMINT & MENTHOL

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Reports have given conflicting information on the size of the upcoming Cornmint crop.  One group estimates a 33% reduction, another a 25% increase.  More information will be available after March once an estimate of planted acreage has been made.  Cornmint Oil prices have risen recently, with increased demand and limited stocks given as a reason.

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Feb 16
Feb 2016

CORNMINT OIL & MENTHOL

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Sellers continue to look for more opportunities to move product, driving prices down.  While slackened demand from China is cited as a main reason, the impact of Synthetic Menthol must not be overlooked.  Offers from both Chinese and Indian sellers persist despite the dominance of the three large producers.  We can only expect Menthol prices to soften.  What the lack of demand for Natural Menthol will do to Cornmint Oil prices is a significant cause for concern.  Cornmint Oil prices are expected to rise.

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Jan 16
Jan 2016

CORNMINT OIL & MENTHOL

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With demand for Menthol Powder in China dramatically off, the Indians have reported that total Menthol exports this year are around two thirds of 2014/2015.  They are also reporting that speculators are taking positions in the hope that by limiting spot availability, they can force prices up.  Belief is that this strategy will be short-lived.  Menthol prices are stable but the off demand has caused Cornmint DMO to increase in price and decrease in availability.

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Dec 15
Dec 2015

CORNMINT OIL & MENTHOL

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Prices for Natural Menthol are weak. This trend will likely continue as both Indian and Chinese producers are offering Synthetic Menthol.  Eventually, Cornmint Dementholized prices will have to rise to cover costs.  If demand for Natural Menthol remains low, how much Cornmint will be planted in the future?

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Nov 15
Nov 2015

CORNMINT OIL & MENTHOL

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Lower pricing for Synthetic Menthol has doubtless caused some reformulation, keeping the pricing of Natural Menthol soft.   We have also seen Cornmint prices softening in addition to some quality issues from both Chinese and Indian vendors.  Going forward, one major Indian producer expects prices to increase due to stable demand from Europe and China.  This market will require close attention.

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