TRENDS

Mint Market Update

March 31, 2021

Mentha Arvensis

Current Situation

Production
Production
The plantation has begun and is expected to produce a good yield. The weather has been favorable in supporting the planted fields.
Supply
Supply
There are carryover stocks available, but with shipment delays and rising freight rates it is optimal to have inventory levels of 1-2 months in stock.
Demand
Demand
The global demand has slowed down. Cornmint DMO is tight and keeping the market stable.
Pricing
Pricing
The INR is weaker than the USD causing unfavorable export prices. However, Mentha Arvesis pricing has been stable for the last 30 days.

Future Outlook

Production
Production
Rain is expected early this year, whereby farmers are hopeful for well-nourished crops.
Supply
Supply
There are limited carryover stocks available, plan to have 1-2 months of inventory on hand.
Demand
Demand
The demand for menthol is seemingly stable.
Pricing
Pricing
We anticipate freight rate increases until Q3 when empty containers can return, and raw material increases due to currency fluctuations.

MCX Price Development

a line graph showing the spot price of mint over time

Mentha Piperita

Current Situation

Production
Production
The new crop harvest will commence at the end of April/early May.
Supply
Supply
The previous crop was not large and there are limited amounts of carryover stock.
Demand
Demand
The previous crop was not large and there are limited amounts of carryover stock.
Pricing
Pricing
We anticipate a decline in pricing.