The native Place of Mentha is Japan. So Mentha is also known as Japanese Mint. After Japan, its cultivation began in Argentina, Brazil and China. Then it started in India.
Last year’s carry forward stock is nearly 7,000-8,000 tons. This means total availability would be nearly 27,000-28,000 ton this year, while total consumption is expected to remain around 25,000 ton which includes domestic as well as overseas demand.
Mentha Oil is one of the most consumed essential oils. Mentha oil is extensively produced in India. India stands the largest exporter of menthe oil.
So what to do now?
Buy MenthaOil below 876 and target 884-890-897 for Intraday..
Long-term trader:
Buy MenthaOil around 870. Where battle near to 830-835 and target is 900-930-957, it can move up to 968.
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