Spearmint Oil Price Trend and Forecast

Spearmint Oil Regional Price Overview

Get the latest insights on price movement and trend analysis of Spearmint Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Spearmint Oil Price Trend for the Second Half of 2023

Spearmint oil price trends varied throughout the said period of H2’23. The market began on a strong note at the beginning of the third quarter. The Indian mentha oil market surged by around 18%, a four-month high in August, as the crop yield was expected to decline in the coming winter months, and the end user demands were surging.
 

Spearmint Oil Price Chart

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The production was also fairly low compared to the previous year. However, after such a splendid rise, the prices crashed in the fourth quarter, since the export queries didn’t come near the anticipated levels, primarily because of the freight disturbances. From October onwards, the Indian spearmint oil market kept falling till the end of the year.

Analyst Insight

According to Procurement Resource, given the current market dynamics, Spearmint Oil prices are not likely to rise soon; however, the market will strive for stabilization.
 

Spearmint Oil Price Trend for the First Half of 2023

Spearmint Oil price trend exhibited mixed patterns in the first half of 2023, given the uncertainties in the downstream demands and the production yields in different producing regions across the world.

In the American market, the Spearmint production yield faced a major hit because of the Verticillium infection, so the Spearmint Oil prices felt the push because of the constricted supplies, but the prices fluctuated in a very narrow range.

In the Indian market, the Spearmint production was as per expectations, so with steady demands and stable supplies, the prices wavered in a narrow range here too. Overall, the Spearmint Oil market remained anchored throughout the discussed time.

Analyst Insight

According to Procurement Resource, the price trend for the Spearmint Oil market are expected to exhibit similar fluctuating patterns in the upcoming months, given the current market dynamics and pricing fundamentals.

Procurement Resource provides latest prices of Spearmint Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.