Peppermint oil
Mint growing areas in the Pacific northwest have seen a decline in production of 20% compared to last year. The period of planting peppermint was impacted due to delayed rains. Till May the growing areas had a water shortage as the snowpack was below normal levels. The rainfall in spring did help the situation to some level. Input costs also increased with fertilisers and pesticides seeing a three-fold increase in price. This prompted a lot of growers to shift from mint to alternate crops like corn and wheat.
A cold and wet spring has delayed the crops by 2-3 weeks. Uncertainty due to weather and the state of global agriculture has made growers cautious to accept orders until harvest. With energy costs also going up, mint prices will witness a substantial increase this year.
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