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..
In 2016 total demand was said to be around 38,500 MT and in 2017 there was a 5,000 MT carry over and 32,000 MT produced. Total demand is said to have grown slightly, However, total production plus carry over supplies will only just balance the current market demand and has left us with zero carry over for 2018. This will in itself potentially cause large price spikes into 2018, which also isn’t helped by external pressures from oversold synthetic production, meaning more users are turning back to natural options.
The growing areas have been down year-on-year for several years now as the natural markets realigned themselves to the introduction of synthetic alternatives and a downturn in demand for natural mints. Since 2014 plantings are 50% lower. Whether this changes we do not know, as mint farmers are still smarting from the downturn in demand over recent years. Short term issues are unlikely to reverse this pattern.
This issue has certainly caught the market by surprise and it’s one of those opportunities for speculators and some traders to force prices up, which could hurt any buyers who are going to need material over the next few months.
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