Mentha Oil Market Trend from 1st June 2019 to 6th January 2020:
Now we can see that 2% to 3% are up and down in December and beginning of January month. There may be a lot of reasons for the price to be stable, because big players/companies do their purchase in these months for Q1 and Q2, 2020 and one more reason almost whole December and first week of January, almost all buyers are on vacation for Christmas and new year celebration.
If we see the gap of higher and lower price, that is not much gap. We were expecting market will go down in month of December due to Christmas and new year holidays, but it didn’t happen.
Some export demand is continually coming from European and USA market.
DMO prices are still on higher side but you can see the Mentha Oil prices are weaker comparatively DMO prices, because reason is DMO (Dementholised Mint Oil) demand is continuously in the market.
Our forecasting is saying that market will be stable till china lunar festival, after that we can see some downfall in the market.
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