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Menthol Market Updates :: 2024 - 2025 ::

Mentha Oil- For many years, Prakash Chemicals has been publishing the "Mint Market Report," with its main headline being "Minting Money with MINT (MENTHA OIL)." However, this title has now become irrelevant as the Indian Mint industry is gradually heading toward decline. If the Indian government does not take the necessary steps to save it, India, once renowned for exporting Mint, may become a significant importer in the coming years.

Mentha Arvensis was introduced in India between 1958 and 1964 by the Regional Research Laboratory in Jammu Tawi. During the 1980s, CIMAP (Central Institute of Medicinal and Aromatic Plants) developed new strains that improved oil yields. After 1964-65, Indian farmers adopted Mint cultivation. With a production of approximately 50,000 MT, and in collaboration with CIMAP, a processing industry of 100,000 tons, involving 30 Lacks farms & Family members and 2 Lack SMEs, works were established. This industry generated an export value of ?8,000 crores and a domestic trade value of ?4,000 crores, building a ?12,000 crore industry over the years. This crop directly and indirectly employed millions of people. Based on the data you provided; it is evident that Mentha farming plays a crucial role in generating rural employment. Below is a detailed analysis:

Mentha Farming and Rural Employment:

  1. Mentha Cultivation Area (in Hectares):

    • 2019-20: 328.14 hectares

    • 2020-21: 247.28 hectares (decrease)

    • 2021-22: 346.3 hectares (increase)

    • 2022-23: 347.46 hectares

    • 2023-24: 348.68 hectares



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