Cornmint comes from the plant Mentha arvensis and is native to Europe although it is highly cultivated in Northern India. The essential oil is derived from the steam distillation of the leaves.
Cornmint is used in similar applications to peppermint but it’s taste and odour are slightly milder. It’s slightly different properties lend itself well to more therapeutic applications as well as the obvious flavouring use.
As it is both antiseptic and anti-bacterial t is often found in dental products for the treatment of swollen gums and toothache as well as being often found in mouthwash for these benefits and its cooling flavour.
You will find many tropical skin cooling products containing cornmint. It’s also commonly used to treat stomach and respiratory complaints, headaches and muscular aches and pains..
May was an eventful month for Mentha arvensis. Prices fell sharply for mentha oil, DMo (dementholised mint oil) and mentha powder, in anticipation of a good crop. However, prices soared again in the first week of June. This was due to strong demand and significantly less production. Prices of menthol crystals too are dependent on market prices commanded by mentha oil.
At present, there is a marked difference between the prices of mentha oil and menthol crystals. The availability of menthol is restricted. There has been a significant change in market sentiment during the last month. Farmers are unwilling to sell their stocks at reduced prices. Despite the fact that distillation of Mentha arvensis is in full swing, arrivals of stocks at diminished prices have not been encouraging. At present sentiments are bullish, buoyed on the hope that prices will inflate in the coming weeks. The reason for this expectation is not illogical. Menthol powder has seen a huge spurt in demand from china. Yet at the same time, most major consumers were waiting to cover their requirements by the end of June.
One of the key producers has re-commenced production of synthetic menthol, but the plant is running at partial capacity. Their promise of starting menthol production from Malaysia in July 2018 is being taken with a pinch of salt by the market. However, we at Ultra feel that naturals in formulations have a strong foothold, which is rather difficult to be replaced by synthetics.
The only respite on the horizon seems to be the imminent difference of menthol and mentha oil, which can ease menthol prices. Chances are bleak for weakness in DMO too. It is recommended to keep material covered for the short term without expecting much downfall now.
The total production of cornmint oil is pegged around 37,000 MT, around 25% higher compared to last year. However, there is practically no carryover from last year.
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