Profitable Commodity Tips: Mentha oil continues to rise, companies growing stock before winter

According To Profitable Commodity Tips Expert, Mentha oil has also seen a rising trend on Wednesday as requiring from drug companies and firms such as FMCG companies like everyday demand rose. In today's turnover, in the domestic futures market, Mentha Oil's September contract is trading at around 2% faster.

In the Multi Commodity Exchange (MCX) in September, the value of Mentha Oil, which traded in September, rose by Rs. 32.30 or 1.91 percent to Rs. 1724 per kilogram. During this, trading volumes remained at 321 lots. On Tuesday, Mentha Oil's September delivery contract closed speedily.

price of mentha oil

Similarly, Mentha Oil's second close pricing of MCX rose by Rs. 30.10 or 1.76 percent to Rs. 1738 per kg.

According to Rudra investment experts, the prices of Mantha Oil's main producing areas, Uttar Pradesh's Chandausi, Sambhal, and Barabanki, have helped in the price. Sources in the market say that with the muscular demand of spending industries in Chandausi's spot markets, the stockrooms have improved their stock positions. This has led to an increase in the prices of mentha oil in the futures trade.

India produces the maximum number of mentha oil in the world. Mentha is used in medicines, beauty products, toothpaste as well as in confectionery products. India is also the world's largest exporter of manna.

According to the industry's estimates, the production was between 45,000-48,000 tones in the whole world last year, out of which India alone produced 30,000 tones of mentha oil. According to an industry estimate, this year's production is estimated to be around 33000-35 thousand tonnes.

Highest production in UP

Profitable Commodity Tips Expert Said The maximum number of mentha oil in the country is shaped in Uttar Pradesh. In Uttar Pradesh's Sambhal, Chandausi, Rampur and Barabanki, Mantha has the highest agriculture. About 90% of the country's production of mentha oil is in these areas.

Mantha is cultivated even in UP, in some areas of Punjab, Bihar, West Bengal, and Uttarakhand. Mentha cultivation occurs in about 3 lakh hectares of the area across the country. It is a mixed crop of Rabi and Kharif. Mentha is usually sown from March to April, while its harvest is harvested in June-July.