| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Mentha Oil | India | FOB | USD 10,488.21/MT | May 2026 |
| Mentha Oil | Saudi Arabia | CIF | USD 10,542.72/MT | May 2026 |
| Mentha Oil | Russia | CIF | USD 10,766.66/MT | May 2026 |
| Mentha Oil | China | CIF | USD 10,555.55/MT | May 2026 |
| Mentha Oil | Canada | CIF | USD 10,568.77/MT | May 2026 |
| Mentha Oil | India | FOB | USD 11,028.20/MT | April 2026 |
| Mentha Oil | Saudi Arabia | CIF | USD 11,082.80/MT | April 2026 |
| Mentha Oil | Russia | CIF | USD 11,299.64/MT | April 2026 |
| Mentha Oil | China | CIF | USD 11,078.08/MT | April 2026 |
| Mentha Oil | Canada | CIF | USD 11,107.00/MT | April 2026 |
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Mentha Oil prices in India increased to ~INR 1,113.63/kg in April and ~INR 1,141.67/kg in May, showing a ~2.5% increase. The market remained influenced by new-season mint arrivals from Uttar Pradesh, export demand and expectations around crop output. Harvesting during April–June increased supply availability, limiting stronger price gains, but concerns over weather conditions, irrigation and oil recovery rates supported market firmness. Export demand from flavour, fragrance and pharmaceutical industries provided support, with China remaining an important buyer of Indian mentha oil and menthol derivatives. However, competition from synthetic menthol reduced the pricing power of natural mentha oil producers as buyers preferred stable-cost alternatives. Pharmaceutical applications, including cough medicines and oral-care products, along with food flavouring and personal-care uses, maintained steady consumption. Exporters also monitored currency movements as exchange-rate changes affected margins. Buyers generally followed short-term procurement strategies and avoided large inventories due to uncertain export demand and synthetic menthol competition.
Analyst Insight
According to Procurement Resource, mentha oil prices are expected to remain balanced as crop arrivals improve, while export demand and pharmaceutical consumption will determine further price movement.
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In the fourth quarter of 2025, the prices of Mentha Oil in the Indian market registered an upward trend. This increase in prices was due to stable consumption from major sectors like oral care, pharmaceuticals, confectionery, and wellness. Toothpaste, balms, and cough medicines maintained stable demand, which helped maintain strong buying activity in the domestic market.
On the supply side, the supply from major producing areas was stable, and farmers and stockists were selling the material in a controlled manner. Apart from this, seasonal factors also impacted the market, as the post-harvest supply had already been sold out in the market, and the end of the quarter witnessed tight supply in the market. Export inquiries also supported the prices, and the market participants did not indulge in stocking the material, as the demand was strong enough to register an increase in prices from month to month.
Further, production of alternative menthol products remained stable, which helped balance extreme volatility, but natural oil demand continued to stay firm. Overall, Q4’25 reflected a balanced yet slightly bullish market tone in India, with gradual gains rather than sharp spikes. The prices settled at around 11603 USD/MT (FOB) during December’25.
Steam distillation and filtration of dried Mentha arvensis leaves or simply mentha (mint) results in the production of Mentha Oil. This is further processed in order to yield menthol along with other derivatives. Mentha Oil and its derivatives are extensively utilised in food, pharmaceutical, perfumery, and flavouring industry. Menthol and mint essential oil are also used in aromatherapy which may have therapeutic and clinical effect.
Food industry, Pharmaceutical industry, Perfumery, Flavour and Fragrance industry
Sydney Essential Oil Co, Aksu Vital Natural Products and Cosmetics, Ultra International B.V, Farotti Srl, Robertet Group, Young Living Essential Oils, Lionel Hitchen Ltd
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In order to produce Mentha Oil, the steam distillation of dried mentha leaves is carried out. This step is further followed by filtration process to separate distillate and finally obtain Mentha Oil.
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This report provides the cost structure of Mentha oil production by steam distillation process. The dried leaves of Mentha arvensis go through the process of steam-distillation. The distillate is then separated and condensed, followed by refining by vacuum filtration to extract Mentha Oil.
In this process, the distilled oil of mint (mentha arvensis) is extracted and brought to the temperature of -22ºC to obtain menthol.
Almond Oil Manufacturing Plant Project Report thoroughly focuses on every detail that encompasses the cost of manufacturing. Our extensive cost model meticulously covers breaking down expenses around raw materials, labour, technology, and manufacturing expenses. This enables precise cost structure optimization and helps in identifying effective strategies to reduce the overall cash cost of manufacturing.
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