Mentha Oil Rate Mentha Oil Price: Commodity experts believe that due to increase in demand in domestic and foreign markets, the price of Mentha Oil Rate per kg can go up to Rs 1300-1400 by October.
Lucknow. Mentha Oil Rate Mentha Oil Price – Mentha oil prices have started increasing again in the futures market. Commodity experts believe that by October due to increase in demand in domestic and foreign markets, the price of Mentha Oil per kg can go up to Rs 1300-1400. In such a situation, holding Mentha Oil can prove to be a profitable deal for investors. Apart from this, experts have advised investors to keep an eye on the commodity market and Mentha Oil Rate themselves. Mentha Oil Price per kg on 21 September was Rs 911.60 per kg, which was the lowest Mint Oil Rate of this month while on 08 September Mint Oil Price was Rs 982 per kg.
Why Mentha Oil Rate Will Increase?
Pharma and FMCG companies use Mentha Oil to make soaps, sanitizers and cough syrups. Mentha oil is also widely consumed in the pan masala industry. Along with the pharma industry, cosmetic industry, FMCG sector, mentha oil is used the most in confectionery products. The demand for Mentha oil has started increasing in domestic and foreign markets, due to which Mentha Oil Rate has started climbing up rapidly in domestic and foreign markets. Mentha Oil Rate is also increasing due to less production of Mentha Oil. Significantly, due to untimely rains, about 30 percent of mentha cultivation was affected.
Mentha Oil Rate in September
September 24 – Rs 927 per kg
September 23 – Rs 923.90 per kg
September 22 – Rs 918.10 per kg
September 21 – Rs 911.60 per kg
September 20 – Rs 920.20 per kg
September 18 – Rs 944 per kg
September 17 – Rs 940 per kg
September 16 – Rs 961.90 per kg
September 15 – Rs 956 per kg
September 14 – Rs 961.30 per kg
September 13 – Rs 971.2 per kg
September 10 – Rs 970.40 per kg
09 September – Rs 970.40 per kg
September 08 – Rs 982 per kg
September 07 – Rs 970 per kg
September 06 – Rs 965 per kg
September 04 – Rs 959 per kg
September 03 – Rs 958 per kg
September 02 – Rs 946.70 per kg
September 01 – Rs 932 per kg
Also read: Mentha oil prices will increase soon in futures market, know- Today’s Mint Oil Price