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..
Logistical issues continue to adversely affect production. High freight prices are responsible for expensive quotations. There is a healthy demand for DMO (dementholised oil), and fractions like cis-3-hexanol. This is keeping crude DMO prices high. In fact, DMO varieties with high menthol content are priced in the same bracket as menthol. On the other hand, the demand for menthol crystals is average. This has kept the price of finished menthol products at a low level. Mentha oil prices are firm in the market, primarily due to low supply of crude from farmers and stockholders.
The current market price is not favourable for farmers. Around 1,500 MT of raw material is coming from Madhya Pradesh. This will help keep the market stable for the time being, but the upcoming crop in 2022 is expected to be lower than 2021. This will strain the supply of crude oil, and prices will rise in the coming quarter. Demand has been recovering post COVID, thus it is advisable to keep stocks.
Synthetic menthol is being imported into India in large quantities. Prices are under check due to the constant supply of synthetics. This despite menthol powder being exported to China on a regular basis.
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